Anonymous

05 Mar 2021

∙

Any insurance saving plan to recommend for short term saving of 5 to 10 years with liquidity?

Any recommendations for insurance saving plan for short term savings and liquidity?

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PolicyWoke

05 Mar 2021

Turbo-charge Your Savings with REPs at PolicyWoke

Hi Anonymous,

For savings plan tenure of 5 to 10 years, one option is 2nd-hand endowment policies where maturity year is 2031 or earlier. They are endowment policies that were sold by original policy-owners to resale brokers, and are then put up for resale. Do speak with your financial advisor if it's suitable for you.

Disclaimer: PolicyWoke is a 2nd-hand endowment policies broker

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