Want Fast Cash? Tap Into Your Endowment Policy - The Independent Singapore News

Want Fast Cash? Tap Into Your Endowment Policy - The Independent Singapore News

22/1/2022 12:25:00 PM

Want Fast Cash? Tap Into Your Endowment Policy - The Independent Singapore News

Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal in the future, such as sending your child to university overseas. However, in the face of financial uncertainty like job loss or unforeseen medical expenses, it’s natural to dip into your savings account. But that’s not …

- Advertisement -Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal in the future, such as sending your child to university overseas. However, in the face of financial uncertainty like job loss or unforeseen medical expenses, it’s natural to dip into your savings account. But that’s not your only option; in fact, you can access funds from your endowment policy. Read ahead to understand your options as well as weigh the benefits and drawbacks of each one.

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