Apr
10
10
Insurance products yield more compared to regular investment options, and this is besides the added incentives (read bonuses) offered by insurers. You cannot compare an insurance product with other investment schemes for the simple reason that it offers financial protection from risks, something that is missing in non-insurance products.
Insurance companies are now offering  a wide variety of products to suit virtually everyone’s needs.
- Permanent Plans – Policy lasts as long as you live, premium stays the same.
- Term Plans – Policy ends at end of specified term: renewable or convertible.
- Annuities – Provides an income that is guaranteed for life.
- Long Term Care – Provides funds for long-term, out-of-hospital care.