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Endowment insurance 2014 . What and how
The advantage of the policy to the insurance savings life insurance policy is that the savings insurance insured person is insured at the end of the contract, even if the insured event did not come. That is the essence of this type of insurance is not so much in insurance contingency unpleasant events, but to accumulate cash. The contract savings insurance are always given the citizens who will be able to get insurance in case of death of the insured.
Conclusion of the contract savings insurance can provide income in retirement, an opportunity to pay for a college education, the accumulation of money is needed to make a down payment of the purchase mortgage.
There are two types of insurance savings: mixed life insurance and pension insurance.
Mixed life insurance policies provide for the payment of the sum insured when the insured event or death of the insured, as well as at the expiration of the agreement. They are good because they not only allow us to make savings, but also provide confidence that when an illness or accident, the insurance company will reimburse the costs of treatment, and in the case of death, will receive support from relatives of the insured.