Insurance Investment
Insurance products are often a part of a financial plan. They come in various forms like term insurance, life insurance, endowment plans, child plans, etc.
Insurance products are developed to meet particular objectives, for instance, life insurance is designed to meet your expenses as you age whereas term insurance is designed to aid your beneficiaries in the unfortunate event of your death.
Insurance investment plans are like a two-for-one investment. When you pay your insurance premiums, part of your premiums become investments after a certain period. As the value of your premiums grow, so does your investment.
Insurance products are developed to meet particular objectives, for instance, life insurance is designed to meet your expenses as you age whereas term insurance is designed to aid your beneficiaries in the unfortunate event of your death.
Insurance investment plans are like a two-for-one investment. When you pay your insurance premiums, part of your premiums become investments after a certain period. As the value of your premiums grow, so does your investment.