Save for children (2)

hi Mr Tan Kin Lian,

I have 2 children, 13 and 15 years old. I intend to buy them a insurance policy. I have read your FAQ. Can you tell me if I will buy endowment policy (saving insurance) from NTUC for my kids, is it good? I intend to spent $100 each for my children. Is there any other policy that you think is suitable to buy, can recommend me. I know very little about insurance.

REPLY
It is better to invest in a low cost investment fund. this is explained in my book, practical guide on financial planning. You can also read the relevant articles in my blog.