Case studyMdm Lim, 68, is recently retired with limited investment experience and is not fluent in English. She has S$200,000 in savings and tells you she wants 'the highest returns possible.' A friend recommended a high-risk investment-linked plan (ILP). She also mentions she will likely need most of the money in about 2 years for her daughter's wedding.
Before recommending any product to Mdm Lim, you must:
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