Endowment plan, savings plan, retirement plan, investment plan, annuity plan… whatever you want to call it, the purpose of these plans is to grow your wealth. Some of them also come with protection value.

These plans are usually structured in a complicated way, and although the benefit illustration should explain the benefits clearly, investors who want to buy these plans often do not understand them. They rely on their financial advisor to explain the benefits to them.

As I am in the financial education business, I can’t stress how important financial literary is. No matter how much you trust a financial advisor, you must understand the product before you commit into it.

I am not here to deny or support any plan. I am here to share with you how you can interpret endowment plans. It is especially important to know how to calculate the exact returns from an endowment plan.

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