It may sound cliche, but the best retirement plan depends on your needs.

endowments and annuity (for that matter, Tbills, SBS) may already be sufficient for some, but for others may need equity, bonds etc investments.

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get endowments and annunity if you prefer certainty over market volitility, but the trade off is lesser returns compared with equity. also endowments and annunities, you will lose your premiums if you terminate early due to situation changes. it is perfectly alright if you have mix of endowments, bonds, endowments and annunities in your retirement planning. they are not mutually exclusive.

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endowments are like gro saver, not gro retire

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hope this helps

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In General

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Enownment plan - you pay periodically or 1 lump sum. Wait for maturity, then they give you back a guaranteed sum + a bonus.

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Annuity plan- you pay for certain period of years then stop. Then wait for the payout age to reach. Then they pay you a fixed amount monthly.

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Opinon

• The underlying for these plans are unit trust. All the underlying of these unit trust are stocks & bond.
• Basically you are still owning stock & bond. But you have go through so many layers to allow the "financial expert" to charge you alot of fees & commission, all these fees are your returns.
• Moreover, if you regret want early withdrawal there will be a heavy penalty.

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• Try robo advisor instead. Endowus income portfolio coupled with syfe reit should give you a decent amount of income.

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