Trading in resale endowment and life policies carries risks

Senior Correspondent
Industry players expect more cash-strapped individuals affected by the coronavirus pandemic to want to cash out.ST PHOTO: LIM YAOHUI
  • Published
    Nov 18, 2020, 5:00 am SGT
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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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