I have blogged about how I buy single premium endowment policies with my SRS money before. The best product ever was the Guaranteed Rewards plan from UOB Life which unfortunately is no longer available. That guaranteed 3% to 4% returns per annum over an 8 to 10 year period. Of course, there was a life insurance component as well.

A Guaranteed Rewards $20,000 endowment policy that matured 2 years ago became more than $30,000 after the 10 year period was up. That was 4% compounded yearly over a 10 year period. Some might not agree with me but I feel that for a relatively stress free option, it was not too bad.

I have another Guaranteed Rewards policy that is going to mature soon. I think it is probably going to be next year. In the meantime, I have a single premium endowment policy from AVIVA called Guaranteed XO which is maturing on 21 November …