With endowment insurance, you will be able to get closer to the financial goals that you set. It allows you to enjoy protection while you accumulate wealth for the future. These plans are meant to pay a lump sum after a specific term (e.g. 10, 15 or 20 years) or on death.
Why is Endowment Insurance important?
With an endowment insurance, you will be able to attain your financial goals, whether is it to build up a nest egg or to save up for your children\u2019s education. By planning early, you will not need to worry for the future that is ahead of you.
When should I purchase an Endowment Insurance?
The best time to purchase an endowment insurance is when the insurance holder is certain that he/she is able to generate a steady flow of income which will allow him/her to pay the premiums regularly. This can ensure that their loved ones will be financially stable in the future.
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