When it comes to saving for retirement, not everybody has the risk appetite to go for an investment portfolio. If you prefer a saving scheme which gives you a predictable return and allows you to sleep well, you should consider endowment plan.

Endowment policies are offered by an insurance company and can be used to help you meet a financial goal over a fixed term. For example, you can use an endowment plan to save for your retirement or your children’s education. The return of the policy is backed by the insurer and they are all under Policy Owners Protection Scheme if the insurer collapse.

Today, I will help you compare the best endowment plans currently offered in Singapore.

To be candid, traditional endowment plans are lousy. Many endowment policies mature after a long time such as 15 or 20 years and the guaranteed cash values you get back may even …