There are lots of retirement life insurances that have investment components in Thailand. Has anyone here done research to compare various local vendors and product options?
Most quotations I have seen are typically about 10-year premium payments between ages 50 and 60, and then annuities (cashback) during ages 60-75-85 depending on the product and parameters.
The return of investment is quite modest, but the premiums (capital) are protected from debtors, and the gains seem to be tax free. Additional benefit is that the annual premiums are deductible from income taxation.
These insurances are only relevant to those (Thais and foreigners) who work in Thailand and plan to retire in Thailand.
PS. Investing in S&P500 gives bette...
There are lots of retirement life insurances that have investment components in Thailand. Has anyone here done research to compare various local vendors and product options?
Most quotations I have seen are typically about 10-year premium payments between ages 50 and 60, and then annuities (cashback) during ages 60-75-85 depending on the product and parameters.
The return of investment is quite modest, but the premiums (capital) are protected from debtors, and the gains seem to be tax free. Additional benefit is that the annual premiums are deductible from income taxation.
These insurances are only relevant to those (Thais and foreigners) who work in Thailand and plan to retire in Thailand.
PS. Investing in S&P500 gives better ROI, but that is irrelevant for those who want to diversify and need a local pension insurance for whatever reason (protection of capital, inheritance planning etc.)