There are 2 kinds of a participating endowment insurance plans that you can buy to save up for your child.
The first is a limited premium payment type of endowment that matures at ages 17 to 24 where your child needs funds for university education
The second is a limited premium payment type of endowment that matures at age 99 only. It gives you certain flexibility in withdrawing funds.
Let’s save you time, here’s the 7 best savings plan for your child at a glance.
I’d follow with a deep analysis on each of these plans for you.
Limited premium endowment with a fixed maturity
Yield (Based on monthly premium of $400 and premium paying term of 10 years; removal of all optional riders)
Limited premium endowment with maturity to age 99
AVIVA MyEduPlan Review
Aviva is the second highest total guaranteed IRR compared to the other fixed maturity plans.
We liked that it has more