Highlights of some retirement income endowments

ENDOWMENT products are available to help you save for retirement, and subsequently withdraw an income over a number of years.

As participating products, endowments spare you the challenge of deciding on asset allocation. The caveat is that they may be costly depending on the amount of income you wish to receive.

You also have to be committed to a long-term payment period as any early surrender may not get you much of a cash value.