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insurance policy maturing
TheBlueHorse
Posts: 176 Forumite
What product is this??? I have friends that occassionally say "I have an insurance policty maturing" and then they "seemingly" get a load of cash.
What is it? A life policy? What are you insuring??? Is it an investment? Any help appreciated.
I could ask them of course, but don't want to look stupid.
What is it? A life policy? What are you insuring??? Is it an investment? Any help appreciated.
I could ask them of course, but don't want to look stupid.
0
Comments
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i think its an endowment policy. Crisis over.0
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What happened in the six minutes between making the effort to ask your question on this forum and then finding the answer yourself?:)
It could be a bond, as life insurers issue those too as a form of saving. Insurance policy because it's written by an insurer, and may offer particular guarantees (eg minimum surrender value or sum assured on death)0
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