Why do some Investors choose to Invest in Single Premium Short Term Endowment?
The reasons below can be exhaustive.
1) Banks savings rate are not attractive enough
2) Banks FD rates are not attractive and there is a limit on how much you can place
3) Not comfortable with Money Market Funds and Bond Funds(Unit Trust)
4) No access to Corporate Bonds as it is only for Accredited Investors
5) Government Bonds yields can be uncertain
Single Premium Short Term Endowment can be a solution to the above, whereby it pays out a guaranteed maturity benefit after 1-3 years depending on the product. It enables you to lock into the returns for up to a few years.
Do contact me at +65 90400848 or email lionellimtp@phillip.com.sg if you are interested.
Thank you.
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