With the anticipated endowment plan, one can accumulate funds over a period of time through making periodic, i.e. monthly, quarterly, semi-annual or annual payments, with a goal in mind.
In addition to this, at certain intervals during the policy’s term, part of the policy accumulated benefits are paid out to the policy owner. At the end of the policy term, the remaining accumulated benefits are paid to the policy owner as a lump-sum, together with the accrued bonuses.
The product further offers life coverage which is payable in the event of death at any time during the term of the policy and additional benefits such as accidental death and waiver of premium on death or disability.
Types:
Straight Endowment
a coverage designed to pay a lump sum to the policyholder after a specified term or earlier in the event of death.
Benefits to you or your family
The full value of the policy becomes payable at the end of the insured period.
The lump-sum payment can cover funeral and other expenses
Beneficiaries receive the full face value of the policy
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