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Endowment plans are cash value insurance plans which
pay out the face value of the policy if the insured lives to the end
of the period for which the policy was taken out.
Of course, if the life insured
dies within that period , the face amount is payable at the time of
death to the beneficiary. In many ways endowments are similar to
whole life insurance and also includes the loan and withdrawal
options after three years of premiums has been paid.
10, 15, or 20-Year Endowment
There is a choice of 10, 15, or
20-year protection periods. These flexible endowment plans are
excellent for death protection and fast cash value accumulation. The
lump sum endowment can be customized to meet retirement planning
goals.
Endowment to Age 60/63
This policy accumulates cash
value quickly whilst providing death protection to age 60 for males
and age 63 for females. The policy endows its face value at the end
and the lump sum can be used to reach financial and retirement
goals.
10, 15, 20, or
25-Year Endowment with Q-Bonus
These endowment plans are great
choices for death protection and higher cash value accumulation.
Also ideal for retirement and estate planning as cash Values
accumulate quickly and pays 25% of the sum assured every five years
and an endowment of the face amount at the end of the period.
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