Saving diligently for retirement

Someone bought a SingLife Endowment at age 48.

* Pay $35.5k per year for 8 years, total premiums paid: $286,000.

* At age 65, payout: $38.5k p.a. x 10 years.

Premium: $286k ---> Payout: $385k

* Age 48 to 55yo: 8 years premium term
* Wait for 9 years,
* Age 65 to 74, Payout over 10 yrs
Total: 27 years policy

~~~~

Comparing with my Social Entreprise NTUC REVORETIRE:
Premium paid: $12k x 5 years = $60k

Payouts: $9.5k p.a. x 10 years = $95k

Premium: $60k --->> Payout: $95k

* Age 55 to 59yo: 5 years premium term
* Wait for 7 years,
* Age 66 to 75, Payout over 10 yrs
Total: 22-years

Thinking aloud,
1. His Singlife might have a 10th/11th year maturity payout sum.  Otherwise, his Singlife endowment return is not so good compared with Social Entreprise INCOME. 

2. If his premium were to invest in REVORETIRE, his payout might have been more than $50k p.a. for 10-years ?
(I roughly extrapolate based on my policy)

My takeaway

1.  All roads lead to Rome.  Any approach to building a Passive Income is a good road, be it bumpy or smooth journey.  

2. The fatest routes are the Highways, where we can travel fast,  just like high return/dividends.  Like Speeding, high payback carries risk.

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