What is Endowment Insurance (“Life Insurance”)?

What is Endowment Insurance (“Life Insurance”)?

Annuity and life insurance companies offer their customers guaranteed benefits in old age, for example in the form of a monthly pension or a one-off capital payment. However, both products are more than just old-age provision products.

Life insurance combines the advantages of private old-age provision with the financial security of family members – right from the start of the contract. Customers can also protect themselves against risks such as accidents or disability.

In contrast to private pension insurance, financial security for surviving dependents is integrated from the outset in life insurance.

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