Life Insurance Can Be an Investment: 5 Distinct Advantages of ULIPs

Life Insurance Can Be an Investment: 5 Distinct Advantages of ULIPs

Until recently, the life insurance market had been dominated by straightforward term and endowment plans. Today, it’s increasingly opening up to other opportunities that make it more appealing to clients. Among these new advancements are Unit Linked Insurance Policies. These policies have caught on so rapidly that if you ask anyone that has signed up for a life insurance plan in the past few years, they will likely tell you their cover is a ULIP.

ULIPs are more than just life insurance policies in that they give you the chance to invest in money markets while at the same time covering your life. The premium you pay is divided into two, and one part covers risk to life while the other goes towards investments.

ULIPS presents some inherent benefits over other investment options. Below are five convincing advantages of investing with a ULIP.

  1. Flexibility

ULIPs provide life insurance and savings from market-linked returns, but the best part is that the amount you choose to invest is entirely up to you. With a good life insurance provider, you can invest even 100 percent of your premium, and later allocate an additional amount to your policy to suit your protection needs, such as marriage or the advent of kids. Moreover, you can choose the investment strategy that works for you, be it letting your provider manage your asset allocation or managing it yourself, based on your profile and risk appetite.
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Pawning Versus Selling: What Is Right For You

Pawning Versus Selling: What Is Right For You

Suddenly needing extra funds can happen to anyone for a wide range of reasons. Emergencies happen like accidents, large bills, or unexpected travel. Mistakes may have been made in budgeting and now an important payment can’t be covered. Or even a happy occasion like wanting to buy someone a special gift or reward might come… Continue Reading

Preventative Measures for Small Business Owners: What Does Beauty Insurance Protect Against?

Preventative Measures for Small Business Owners: What Does Beauty Insurance Protect Against?

You already know that working in beauty is miles different from practically any other industry. Those on the outside looking in might think your job is all creativity and glamour, but there’s so much happening beneath the surface. Aestheticians, makeup artists, salon professionals, and nail techs know that it takes skill, dedication, and good business… Continue Reading