facebookHi, I'm a 25 years old, just entered the workforce with a salary of $2.5k/month. I have about 20k to use. I was thinking of getting a long term endowment plan (20~40 years). Any advice? - Seedly

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          Hi, I'm a 25 years old, just entered the workforce with a salary of $2.5k/month. I have about 20k to use. I was thinking of getting a long term endowment plan (20~40 years). Any advice?

          I have already set aside money for emergency funds, and should have the necessary insurances already.

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              What are your thoughts?

              Pang Zhe Liang

              Pang Zhe Liang

              03 Aug 2020

              Level 14·Senior Financial Services Consultant at AIA Singapore Private Limited

              For this purpose, you may wish to look at AIA Wealth Pro Advantage. Featuring a limited premium period of 5 years, 15 years, or 25 years, the money in your policy continues to grow for life.

              On the whole, half of your capital is placed into the insurer's participating fund. Thereupon you will receive both guaranteed cash value and non-guaranteed bonuses every year.

              More Details:

              What is a Participating Fund?

              For the other half of your money, you may invest it into the insurer's investment-linked policy funds. This is their latest fund performance: AIA Singapore Investment-Linked Fund Performance

              Take note that this data is based on the current economic climate.

              All in all, I will suggest for you to speak with your agent or an experienced consultant to do a comprehensive financial portfolio review. This allows us to accurately determine whether such plans fit into your needs.

              I share quality content on estate planning and financial planning here.

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