Should I take out life insurance or a stick with savings?
It is normal to worry about the future of your family in terms of finances.
Life insurance is a policy to answer that quandary without any conundrums.
However, it is natural to think about other plans to save up enough for your family.
Both life insurance and savings plan result in a collection of a lump sum amount that your family can use when you are no longer there to provide for them.
The significant difference between a life insurance and savings plan becomes more direct when we consider the level of guarantee and the amount of coverage needed.
What should I do if I want to make the most of both a life insurance and savings plan?
An endowment policy is what becomes the solution if you are looking for a plan that lets you have the best of both worlds.
What is an endowment life insurance?
- An endowment designed to pay a lump sum as a coverage after the term has ended.
- It is best for those of you who are looking for financial security after you retire.
- An endowment policy is where life insurance and savings plans meet.
- There is a higher level of financial security if you have paired up your life insurance with an endowment policy.
Where should I look if I want to invest my money?
If you are concerned about how productive and fruitful your investment will be?
Then, investing in a life insurance company which entails a certain maturity of your finds than any standard insurance.
The dividends earned on investments can be added to your endowment policy.
The financial value keeps increasing on a year to year basis.
Saving the smart way?
Maintaining a balance between all options that are providing a sense of financial security requires a little bit of thinking.
It would help if you chose the right ratio between financial growth and tight security for your family.
For such purposes, a combination of life insurance with an endowment policy is a solid structure for people who have a stronger sense of financial stability.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00