Why buy an endowment policy?
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You can purchase an endowment policy where the purchase price and future premiums have already been overtaken by the locked in value of the Sum Assured and existing bonuses. Thus guaranteeing your capital
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Higher competitive returns – life offices returns on premiums in the past have been as high as 12%
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Guaranteed maturity date so you choose your own investment term i.e. 2008 to 2018
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Planning for future events
– School Fees
– Weddings
– Retirement planning
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Considerations when buying a traded endowment policy:
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Endowment policy maturity date - the number of months/years that premiums have to be paid before the policy matures
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Minimum guaranteed sum receivable on maturity
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Surrender value
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Purchase price
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Attaching reversionary bonus and potential terminal bonus
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Total cost involved including the premiums
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