Hi all, should i continue with my endowment plan that i gotten with Great Eastern?

Hi Marcus,

I think endowment plans should not be compared to investments as they are generally considered save investments, and usually they do give you reasonable returns. And as for most endowment plans, the insurer is the one who does the investing for you, thus they have to be prudent to ensure that you do not lose you capital entirely.

Of course you cannot compare to a pure investment product as investment products, the risk is bore by you alone, thus you are solely responsible on the performance of your investments.

I think the better choice is to still continue with the endowment plan, as like you mentioned, if you surrender it now, there is no cash value, why not only look at surrendering the policy once it has broke-even? And I believe you should be getting annual increments and bonuses with your job as well, so with that you could have some extra cash to be used for investments

When i first heard of "buy term invest the rest" i too thought of terminating all my endowments. i have since realised it is a tagline for those investment course salesmen.

luckily i met someone who showed me the value of endowments. now i think of endowments as forced savings with a high chance of getting the illustrated amount back.

of course, not all endowments are created equally. newer endowments yields are lesser than in the past.

if you don't mind, screen shot the benefits illustration page, let us here take a look. (blank out personal info) and see if it make sense to hold or terminate.

p/s i am not an agent and i have absolutely nothing to sell.