Endowment policy is meant for people who are looking into saving up for long term purposes. This will includes parent buying for their children or adult buying one for itself for retirement.
One of the special features of endowment plan is that the policy itself will still continue to accumulate desired amount of money should [...]
Investment-link policy (ILP) is a plan commonly known to be a whole life policy with investment element attached to it. It comes with a guaranteed minimum death benefits and it may increase if the invested value of the policy goes up. The premiums paid can be used to invest in a wide range of funds [...]
Term life insurance is relatively cheap compared to whole life insurance. It is ideal if you don’t have many assets or emergency reserves, but do have financial dependants. Many term policies offer a guaranteed renewable clause which means your right to renew the policy is unrestricted.
Disadvantages of term life insurance include the fact that premiums [...]
What Is Life Insurance?
Insurance companies help take the financial sting out of a loss of life by collecting money from the subscribers to the program, investing the amount, and distributing a sum of money back to the subscriber or to the subscriber’s estate after death.
Financially, most people can justify the cost of having some life [...]
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