Is buying Endowment era over

Although I believe in insurance and endowment policies as a form of health protection n for forced/disciplined savings, my opinion is that the era of buying endowments for passive income is over.  

Reason: Yield is not atttactive and better put into CPF-OA and SA.  And current high interest rate aggravates its insurance endowments investment.

And the insurance protection we all need is TermLife, to lock-in its rising premium costs when one is in their 20s.

Caveat: H&S policy (with As-charged) is default and must-have, (covering for pte or restructured hospitals be one's decision).

Strangely, personal insurance against 3rd party claim (not referring to motor car accident) is not common for us.  And few insurers cover or promotes it.

My last GE/PLG3 policy bought was on 30Jun21 before 1Jul21 where MAS reduced illustration BI kicked-in.

My last TermLife CI bought was this year 2022, Singlife-Aviva MyProtector with 30% lifetime premium discount.

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