Life insurance: anyone know of a policy that combines life cover AND investment?

Question

Apart from the critical illness, mortgage link and so on, does anyone know of a policy that combines death cover AND pays out at the end of the term? Seems we are being ripped off - there are no benefits for staying alive! I've searched high and low to find a policy that includes some investment aspect, but nix.

Answer 1

I work with a company that has a Equity Indexed Universal Life  that has averaged 9.18% compound interest in its savings component for quite a while.  The other thing you can look at is level term with a return of premium rider. This would mean that at the end of your policy and your not dead, you get all your money back.  Feel free to contact me for any questions.

Answer 2

Quite a few years ago I took out some endowment policies. These acted as life cover, as investments, and as cover for my mortgage. Fortunately, I did not die (yet !), and three of the policies have now matured, paying off my mortgage, and giving me decent lump sums.

The fourth policy is due to mature in a couple of years, but will not apparently do all that well, compared with the ones already matured.

There has been a lot of bad publicity about endowment policies in the last few years, but if you can find a company which still does them (that is, WITH-profits policies, not LOW-COST), then you might well be on to a good thing - but only in the long term.

Of course, as with any long-term investment, I challenge anyone to predict what will happen to any investment over a period of, say, 25 years !!!

Answer 3

Well, first and fore most, the life insurance is meant for those that survive you, not you.

Second, your car insurance doesn't pay you back at any point either.  Dividend payouts are just return of OVERPAID premiums.

Third, take the price between a whole life policy and a term policy.  And be fare, get ones with the same face amount.  Buy the term policy and invest the difference.  You will end up with more money that you can use and your family will also get more when you pass on.

It's funny you say its a rip off having them separate when many experts in the industry that are not associated with any insurance company says policies with investments tied with them (for middle income families) are the biggest rip off of all.

Answer 4

For that purpose you have to buy either whole life, universal or endowment policies.

I know the argument about  buying term and investing the difference, but the first thing against that is that you have to have the discipline of investing. Also term, is based on a  number of years and you for a very good reason, like  being very sick and  not having too much time on the term, want to convert to a whole life, because at that time you are older will cost you much more, and some term policies, allow conversion just to a certain age,. The  best thing is to have a decent whole life policy that you are to keep for the rest of your life and a term for the amount of money that you think is going to be needed while your family is growing

Answer 5

A whole life policy will protect you as well as build cash value, but it is not a particularly good investment.  You are better off buying cheap term insurance, and investing the difference in something else that pays a higher interest rate.

Answer 6

Under your circumstance,I suggest here for you to have a visit.http://lifeinsurance.online-helpers.info...

Answer 7

Look out for the Unit Trust investments. You save monthly a set amount and you get get life cover for a certain amount. When your investment passes that amount then you will get paid out on the value of the investments. The trick is to take a new one out as often as you can. I was at one time investing and saving into 6 of them. After 25 years they all matures one after the other giving me a nice nest egg for my retirement. Some were pension related schemes and these gave more tax relief. Check them out