Types of Life Insurance – The Two Major Policy Types

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There are lots of different varieties of life insurance policies but they always stem from two main but basic types of Life Insurance – Term Life and Whole Life Insurance.
Term Life
A term life insurance policy is only covered for a specified period. This is usually a period of 1 to 20 years but it is [...]

October 25th, 2007 | Posted in Insurance | 1 Comment

Endowment Mortgages

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Endowment mortgages are an interest-only mortgage linked to an endowment policy, which can work either on a with-profits or a unit-linked basis. If the investment in the endowment policy grows at a reasonable rate, it is anticipated that the policy will produce enough to pay off the loan at the end of the mortgage term [...]

October 19th, 2007 | Posted in Mortgages | 2 Comments