Advertisement

Anonymous

Edited 31 Jul 2021

∙

Endowment plan using SRS

I'm considering getting an endowment plan using my SRS funds. But the premiums seem to cost more than the maximum yearly contribution of $15,300 for SRS.

Does this mean I can spread the payment of the premium across several years?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Tan Choong Hwee

01 Aug 2021

Investor/Trader at Home

It depends on endowment plans, usually available for either single premium or regular premiums for several years.

Reply

Save

Write your thoughts

Related Posts

What's the best use for SRS funds? Initially planning to put funds into SRS (for tax benefit) and RSP UT using FSMONE (for higher returns). Can anyone share any strategies? Also thoughts on VOO RSP?

Hi. I am confused and don't understand why my agent say the Sum assured on my endowment plan is not my death coverage. it is used to calculate my bonuses. I dont rem that apply to my other endow plans

SRS Investment Avenues: Looking to invest SRS funds into S Reits. 1. Can we use Regular Saving Plans offered by many brokers. 2. Is there any cost saving on using RSP instead lumpsum.

Christopher’s sharing on term insurance was useful. What kind of insurance plans are endowment plans considered under?

Weighing between using a Roboadvisor to create an education portfolio for my newborn vs getting him an endowment plan or education savings plan. Any thoughts?

Related Posts

What's the best use for SRS funds? Initially planning to put funds into SRS (for tax benefit) and RSP UT using FSMONE (for higher returns). Can anyone share any strategies? Also thoughts on VOO RSP?

Hi. I am confused and don't understand why my agent say the Sum assured on my endowment plan is not my death coverage. it is used to calculate my bonuses. I dont rem that apply to my other endow plans

SRS Investment Avenues: Looking to invest SRS funds into S Reits. 1. Can we use Regular Saving Plans offered by many brokers. 2. Is there any cost saving on using RSP instead lumpsum.

Christopher’s sharing on term insurance was useful. What kind of insurance plans are endowment plans considered under?

Weighing between using a Roboadvisor to create an education portfolio for my newborn vs getting him an endowment plan or education savings plan. Any thoughts?

Advertisement