Trading in resale endowment and life policies carries risks

Industry players expect more cash-strapped individuals affected by the coronavirus pandemic to want to cash out. ST PHOTO: LIM YAOHUI
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SINGAPORE - Say you have $10,000 in savings and you are looking to park that in an endowment plan.

Would you buy a new 12-year plan that gives you 3 per cent annual investment returns or a second-hand insurance policy for which you need to pay premiums for just four years to get at least a 4 per cent rate of return?

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