Endowment insurance policies are unique because they’re both savings plans that build cash value and term life insurance policies that expire if you don’t die. People who want the proceeds of their insurance to go to some organization, such as a college or charity, may take out endowment policies.
If you’re interested in this kind of plan, talk it over with a trusted and knowledgeable agent. Few insurance agents know much about these plans because they’re very specific and people don’t use them very often. You may want to speak directly to the fundraising director of the organization you want to be the beneficiary.
If you’re interested in this kind of plan, talk it over with a trusted and knowledgeable agent. Few insurance agents know much about these plans because they’re very specific and people don’t use them very often. You may want to speak directly to the fundraising director of the organization you want to be the beneficiary.
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