The Term, whole life, endowment, annuity policies or the combination of policies are available in the market. The best policy is the one that best meets your financial needs. You have to select the policy according to yo

CS Professional · Insurance - Law and Practice · PYQS · December 2020
The Term, whole life, endowment, annuity policies or the combination of policies are available in the market. The best policy is the one that best meets your financial needs. You have to select the policy according to your needs. Suggest suitable life insurance policies for the given situations : You want to set up a saving stream, beyond term plans.

Answer & Explanation:

The best plan for this situation is Endowment plans or money - back plans . These policies promise not only the policy face amount on the death of the insured during a fixed term of years but also the full face amount at the end of the term if the insured survives the term.

Topics: Life Insurance Products

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