Answers (5)

Aviva's MyRetirement Series of products are one of the highest yield retirement products in the market.

Usually they'll return 4.1-4.4% p.a.

One thing to note. An endowment product is purchased to make sure certain events in life that require money are there no matter what.

In this case, it provides a guaranteed income source upon retirement for an X amount of years.

Also since you're young, and if you have a risk appetite for investments, you should invest to achieve higher returns as well.

But if you're a low risk taker, utilising CPF, bonds, and similar retirement products are a good way to provide guaranteed income in your golden years.

But one final thing, when planning for retirement at such a young age, we need to plan for us to live way past the current estimated life expectancy age. You and I might live till 92 or more. Thus, planning for a lifetime income payout like CPF Life would be safer.

Most foreigners dont buy endowment or retirement plans as they may take up jobs in other countries. Claims for insurance is also usually country specific, other than death benefit but i am not an agent, dunno the specifics. Many PRs withdraw their CPF money when they decide to move to another country. It's the easiest to take out cos it's cash and guaranteed. For stocks, cashing out means having to accept prevailing market prices.