You’re not seeing double or having déjà vu – just a couple of hours after I posted my review of SingLife’s Endowment Series Four, I received news that Aviva was launching a very similar product this coming Tuesday on 11th Feb. I would have combined them into a single review, but I guess it’s also worth examining their differences in greater detail.
Details and Features ProviderAvivaMin Amount$20,000Max Amount$1,000,000Returns2.28% pa guaranteedTenure3 yearsRequirementsUp to age 75Other Features– Death benefit of 105%– No medical underwriting
– Capital guaranteed from 3rd year
– Payment using SRS funds
It shares many similarities covered under my review of SingLife’s Endowment Series Four, so let’s talk about the differences:
Differences from SingLifeAside from the slightly better 2.28% pa rate, the minimum is significantly higher than SingLife’s $5,000 requirement, and so is the maximum amount of $1 million if you have more than $500,000 just lying
...
