TERM INSURANCE
1 June 2016 By PDSNETInsurance which is aimed at covering you for a specific risk like your death or disability or the theft of your car or a house fire. This is as opposed to endowment insurance which is a type of savings policy which yields either a monthly pay-out until your death or a lump sum on maturity. Term insurance is the proper function of insurance and the only type of insurance you should have, Endowment policies are notoriously poor investment vehicles and have the added disadvantage that they are very difficult to get out of.
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