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Insurance

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todagira's version from 2016-09-09 06:07

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Question Answer
Term The simplest and most affordable form of protection plans.
EndowmentUsually matures after a fixed period of time, e.g. 10, 15 or 20 years.
Whole LifePremiums are payable over lifetime or a limited period, depending on the type of whole life product.
Investment LinkedContain both life insurance and investment components. Premiums are used to pay for units in investment–linked sub-fund(s) of your choice.
AnnuityGuarantees payments at regular intervals, for as long as the policyholder lives or for a fixed period of time
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