A plate of chicken rice costs $3.50 today, when 10 years ago, it was $2.50. Things are getting more and more expensive, and with the upcoming increase in GST to 9%, we need all the help we can get where our money is concerned. Are you making your money work harder for you, or are you working harder for your money? This might be where an endowment plan might be of interest to you. With an endowment, you set aside a sum of money with an insurer for them to invest for a period of time, with the expectation of getting back your capital with additional returns at the end of the plan. There are many different endowment plans which serve a wide range of needs. For simplicity’s sake, this article’s focus is on endowments, also known as savings plans....