What Is Endowment Plan In Life Insurance?

  1. 1330 POINTS
    Mark Taylor
    Licensed Life Agent, Life and Finance/ 50 States, New York
    Endowments are single or ten pay life insurance policies. They are security policies and are designed for estate preservation or high cash value accumulation. They are now called modified endowment life insurance. Years ago before this investments were made in order to avoid taxes. So they became modified so that these advantages were not used. Its still life insurance and all the benefits of a life insurance policy but the premium payment differ however all life policies can be single payed. I specialize in these policies.
    Answered on February 6, 2014
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