People, generally, look for ways and means to guarantee financial protection for their families, in the unfortunate event of their death. Life insurance is one investment that would provide the family with a lump sum amount in case of your death. Now that you are ready to invest in life insurance, you first need to define your aim. What do you want from the life insurance?
Taking out an insurance policy can be quite confusing. You have to decide whether you want a term life insurance policy or endowment life insurance policy. So what is an endowment life insurance? It could be equated to a saving scheme which includes life insurance.