105 Convert cash into cash flow - endowment plans & annuity scheme

Convert cash into cash flow - endowment plans & annuity scheme	把现金换成现金流-储蓄保险计划、年金计划
I always get asked about endowment plans. Normally the person who asked are confused because he was told the returns to be very high. After all, they are selling like hot cake especially during uncertain market condition.	我常常被问到关于储蓄保险计划。通常问的人都是因为听说回酬非常高而感到困惑。这类产品的确是销量俊俏，尤其是股市不好的时候。
I always view endowment plans as a great product to convert cash into much needed cash flow, with some decent rate of return. Another similar product is annuity scheme.	对我而言储蓄保险计划确实把现金转换成现金流的好工具。当然也提供一些些的回酬。另外一个相似的工具就是年金计划。
Since they are all insurance products, purchasers need to understand the payment period, and never miss it. Next is he has to justify his need to take up such products.	这两者皆是保险产品，因此买家必须明了付款期限，不能不还。他也必须了解他是否需要这类产品。
Cash flow is important	现金流很重要
Poor cash flow is miserable. Interestingly, this can happen to both the low income as well as the cash rich.	差劲的现金流会很恼人的。有趣的是，不管高低收入人士都有可能陷入现金流难题里边。
For the poor, one the bills are coming in on time while the income is always late, the anxiety is imaginable. Impulsive or unplanned spending could be the culprit. So, instead of spending, try channeling some money into annuity scheme to provide guarantee income during retirement.	相对贫穷的人面对“账单总是准时，收入总是迟迟”，焦虑自是不带而言的。罪魁祸首可能是冲动式消费或无预算式消费。所以与其消费，不妨把现金转入年金计划来使到退休时有固定收入吧。
Stocking too much cash in low yielding instruments, like in FD etc, can also make someone poor. He may not dare to use the money because he will worry the money will outlast him. Placing his money in some instrument that guarantees a future payment helps.	存放太多现金于低收益工具如定期存款也会让人变得贫穷。这使到拥有着不敢使用金钱因为恐怕金钱会无以为继。把金钱放入某些保证收入的工具将有所助益。
So, the poor and the rich could face similar problems. Releasing cash to generate cash flow is something like buying a house to collect rental income. Cash in FD is nice to see. Regular rental income will let one better plan his life and spending.	或富或穷都会面对同样问题。分配部分金钱来促进现金流就如买了屋子收租一样。定期存款开起来很爽，但稳定租金收入让人更好规划人生以及花费，不是吗？
But buying a house requires some skills and capital. Strategic locations that can fetch good rental could be selling at a premium price now. Thus the rental yield may not look so attractive.	话虽如此，买楼终究需要一些技巧及资金。策略性地点确是可以收到更好的租金但房价可能处于高位。租金收益率就变得不是很高了。
Financial products such as endowment plans and annuity scheme can serve as alternatives. Most of them gives annual guaranteed payment, some monthly.	储蓄保险计划以及年金计划这类的保险产品就成了替代产品。它们多有提供保证式固定年度派款，有些甚至于是每月派款。
Free of choices	选择多元化
Financial planning firm, like Phillip Wealth Planners, worked with many local and offshore insurance companies to provide such products.	理财公司如Phillip Wealth Planners与多家本地以及离岸保险公司提供这类产品。
Once we understand clients' needs, we will look for the products that can match. We can provide in different currencies, premium payment years, annuity payment term and amount etc.	当我们了解顾客的需要后，我们才来寻找适合的产品来匹配。我们可以匹配不同货币，不同付款期限，不同派款期限与款额等等等。
Now one might not only depends on local currency to retire. Their children could be living in Australia or US or UK. Having some cash flow in USD / EUR will certainly be helpful.	一位顾客可能不仅靠本国货币来退休。他们的子女可能住在澳洲、美国或英国。拥有当国货币将会挺管用的。
In terms of premium payment term, it can be 5, 6, 10, 15 years or even a lump sum payment. Payout can start as soon as a year later or 5, 10 years later.	付款期限可以是五、六、10或15年.甚至于单笔付款。派款期限可以是下一年或5年、10年后。
Conclusion	选择多元化
Most importantly, we want clients to feel at ease once a part of their future income will be delivered to their doorstep at the desired time, regardless of market situation.	我们要让顾客放心，就是无论经济市场是否刮风下雨，他所需要的收入将准时送达。
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