overview
What is Endowment Insurance?
An endowment insurance policy is for a specified period, during which it accumulates a cash value. In addition, the policy also guarantees a lump sum paid to the policyholder, if living, on the maturity date or to a beneficiary if the insured dies before that date.
An endowment insurance policy is for a specified period, during which it accumulates a cash value. In addition, the policy also guarantees a lump sum paid to the policyholder, if living, on the maturity date or to a beneficiary if the insured dies before that date.
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benefits
Endowment to age 65 helps you to protect your financial future and allows you to:
- Accumulate cash values for future cash requirements such as liquidating mortgage payments, the cost of education, wealth accumulation or even supplementing retirement income.
- Ensure that in the event of death, your family’s needs are taken care of and expenses or debts can be settled.
- Accomplish a specific financial goal to be met a maturity