Is Straight Life Whole Life? Straight life insurance is a type of whole life insurance. Like other forms of whole life insurance, the death benefit of a straight life policy is guaranteed to remain in place for life if premiums are paid. Premium payments are level; they won’t go up, regardless of age or health.
What Is A Single Premium Endowment Policy? The LIC single premium endowment plan is a single premium plan offering life protection and savings along with participating in corporation’s profit. The plan is good for people who want to invest lump sum money for a long-term period to fulfil life stage goals like children education and
What Is A Variable Annuity Contract? A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic pay- ments to you, beginning either immediately or at some future date. You purchase a variable annuity contract by making either a single purchase payment or a series of
What Is Better A Lump Sum Or An Annuity? While an annuity may offer more financial security over a longer period of time, you can invest a lump sum, which could offer you more money down the road. Why do most lottery winners take the lump sum? Most winners choose to go with a lump