An Endowment policy is a permanent life policy for which premiums are paid for a limited number of years. If the insured is alive at the end of this premium-paying period, he or she receives the face amount of the policy. If the insured dies before the endowment date of the policy, the beneficiary receives the proceeds.
Endowments can provide a jump-start on paying for a child’s college education with the security of life protection.
Family Guardian provides several endowment plans designed for specific needs:
10 & 20 -YEAR ENDOWMENT PLANS:
Providing life insurance coverage for a guaranteed period of ten or twenty years with the face amount of the policy payable to the insured at the plan’s maturity date
20 YEAR ENDOWMENT WITH DOUBLE BONUS
Providing life insurance coverage for twenty years and a twice yearly cash bonus, with the face amount payable to the insured at the plan’s maturity date
4-PAY ENDOWMENT
A 20 year endowment plan providing special benefits of 10%, 20% and 30% of face amount paid at 5th, 10th and 15th years
ENDOWMENT AT 18
Providing life insurance coverage until age 18, waived premiums in the event of the death of the original beneficiary and primary payor, and with face amount payable to the insured at the plan’s maturity date
ENDOWMENT AT 60
Providing life insurance coverage until age 60 with the face amount payable to the insured at the plan’s maturity date
