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Endowment Policy Purchase


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What is an Endowment Policy ?

Here's one definition ...

An endowment policy is a regular savings or investment plan combined with life insurance in a single policy. If the owner dies before the policy reaches maturity, the endowment policy life insurance company pays out a specified amount of money.

Most people takes it out to complement their retirement savings and to allow them to pay off their mortgage faster using a lump sum payment by either cashing it in, selling it or surrendering it before or during maturity.





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