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Life insurance and investment
manrow
Posts: 185 Forumite
Is it still possible to achieve both together?
I believe that endowment policies are long gone: so what has the industry created for those who still want insurance and investment?
I believe that endowment policies are long gone: so what has the industry created for those who still want insurance and investment?
Be ALERT - The world needs more LERTS
0
Comments
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If you need insurance - get it.
If you want to invest, invest.
Putting the two together has proved to be a pretty poor match in the past.I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0 -
There is still one mainstream provider offering regular contribution life funds. However, it is structured more like a tax wrapper (as it should have been a long time ago). So, you only use it where it is the best tax wrapper.I believe that endowment policies are long gone: so what has the industry created for those who still want insurance and investment?
Apart from that one provider, you would use one of the other tax wrappers (or unwrapped) for the regular contributions and a decreasing term assurance. As Stephenni says above, keep the two things apart.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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