I am seeing multiple insurance companies releasing endowment plans recently. Interest rates are rising dramatically and it is predicted that the rates will rise by another 0.5 – 0.75% next month during the FOMC meeting. This will be a short one. I just want to do a public service announcement to ask you to reconsider your options before signing an endowment plan.
Disclaimer: All comments on this blog site are an expression of opinion. You are recommended to consult with a licensed, qualified financial advisor before making any financial decisions.
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Rising Interest Rates
We can see that interest rates have been increasing quite severely these few months. As interest rates increase, it will affect the investment products that we buy. Especially those that are directly linked to interest rates, like bonds and endowment plans....
