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Endowment policies are a type of insurance policy designed to help people save money over the long term. They are commonly referred to as “savings plans,” but they are not the same as a bank savings account. If you stop depositing money (paying premiums) during the policy term or withdraw your account in full before […]

Resale/traded life insurance policies(TLPs) and resale/traded endowment policies(TEPs) are investment products that involve purchasing life insurance policies or endowment policies from the original policyholder, and then paying the policy premiums until the policy matures or the life insured passes away. These types of policies are commonly referred to as “second-hand” policies. When a policyholder decides […]

Besides buying insurance policies, you are able to sell or surrender your insurance policies as well. There are certain situations that you might encounter in your life that may require you to terminate your insurance policy. For instance, you might suddenly need some extra cash or are not financially able to continue to pay for […]

When you are in need of quick cash, taking a loan on your life insurance policy can be a good option. It can give you money in a hurry, which can help you pay off your debts or pay for sudden expenses.