About
Endowment Insurance
Endowment insurance protects your family and also saves for
the future. This type of insurance is more expensive than
protection insurance and it will help your family’s
finances should you die, while at the same time it is a method
of saving in the long term.
Endowment
insurance policies can be issued on a with-profits
or unit-linked
basis. You usually pay premiums for an agreed number of years
and at the end of this time you will receive a lump sum.
This
lump sum is either the sum insured together with bonuses in
the case of a with-profits policy, or - with unit-linked endowments
- the lump sum is the return of all your money invested together
with the investment growth.
If
you die before the maturity date the life insurance the company
will pay the sum insured, or the value of the policy at that
time if more.
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