What are some recommended endowment plans with low monthly premiums?

Usually endowments are purchased with the intention of guaranteeing an event in life happens without fail. These could include a downpayment on a home, University Fees for our children, a Retirement Nest Egg, leaving a legacy for our grandkids.

Understand that endowments are income assets similar to a bond (both coupon and non-coupon) with flexible structures and the option to add riders that make sure you achieve that goal.

But recently, for those just looking for "wealth accumulation" with no clear goal but just want a higher % of return with almost no risk and headaches, the perpetual endowment plan was created.

It's a savings plan that allows for withdrawals almost like an ATM after a specified number of years, the ability to continue earning a return forever withdrawing only when necessary, and achieving 3-4% returns in the long run.

One that I would recommend would be Manulife's Ready Builder in this scenario. Take a look at it, speak to a FA and see if this would fit what you're looking for.

Endowment plans are largely a savings plan with a small insurance factor to it. If you want it to be "low monthly premium", you just have to elect to save less, and thus a smaller eventually maturity value.

You might be asking where is the highest return? In general the longer the saving period, the higher the net return. Also one with the lowest cost structure will be able to have higher returns (One that doesnt not pay commission to agents or any middlemen). For eg, you can take a look at FWD website, where they offer a 3 year endowment.