What Is An Endowment Plan?

Narendra Singh18 Nov, 2021Finance

Malcolm X once said, ?The future belongs to those who prepare for it today?. Rings true because while we spend most of our lives worrying for the future, turns out, preparing for it is not as tricky. We spend majority of our lives saving so as to prep ourselves for the future; however the amount we would end up accumulating won?t suffice if it stays tucked in a corner in a safe (not to mention inflation). Hence, it is critical to invest in an endowment plan so as to make that money work for us beyond what we save.