What is an Endowment Life Insurance Policy

An endowment life policy is an insurance contract that comes with both a term life insurance policy and a saving component. Unlike permanent life insurance policies, endowment life insurance policies allow the insured to receive a lump sum amount after the maturity date or when the insured dies, whichever comes first. So even if you die before your money matures, your child or beneficiary will...Read More

Pros and Cons of Endowment Life Insurance Policies

An endowment life insurance policy is an insurance policy with two components: term life insurance and saving component. This policy has several pros and cons which we believe you should consider before buying it Pros of endowment life insurance policy Guarantee returns: You are 100% guaranteed that you or your beneficiary will get the face value of your money after the maturity date or when...Read More