Life insurance is one of the best types of investment plans available in the market today. If you take a close look at these investment plans, you will find that they have a two-way advantage or benefit. First, they give you the safety of insurance where the insured and his nominee or family will get the cover to safeguard them against potential risks. Second, they receive an insurance product that is targeted to meet their short-term and long –term goals.
There are credible investment and financial planning firms like Fred B Barbara Investments that help people choose the right kind of life insurance for their needs. According to the trusted and reliable experts here, if you take a look at life insurance investment plans, you will find that they are of two types- Unit Linked Insurance Plans or ULIPS. These insurance plans give you returns based on the market performance. The other life insurance plans are the traditional plans that give you an annuity payout or a lump sum after the insurance period has matured. The professionals at Fred B Barbara Investments state that both these types of investment plans give the policyholder cover for life along with an option for savings. However, both of them are not the same when it comes to construction.
The experts at Fred B Barbara also give further insight into these investment plans. They invest the premium paid by the policyholder in the stock market and renders them the returns that are totally volatile as they depend upon the performance of the equity and stock market. If you opt for an endowment plan, you will get safer but a lower return. However, again here, the experts claim that the customer does not know where the money of being saved due to the opaque nature of the endowment plans.
If you go in for a ULIP, you are able to know where your funds are being placed in. These schemes provide customers the choice to check the status of their investments with the aid of a figure called the Net Asset Value or the NAV. This is the sole reason why the ULIP is the best among investment plans in the market today!
However, from the above, you cannot ignore the benefits of an endowment plan too. The ULIP provide the investment policyholder with lots more of transparency and flexibility however an endowment plan is a savings plan that is guaranteed and gives the individual definite returns. There are several financial products available in the market and you should take time to compare them well.
The experts at Fred B Barbara Investments state that when you are looking for life insurance, check the plan that meets and matches your tastes and preferences. Ensure that you get the right advice and guidance in case you do not know much about the market. Meeting experienced and skilled investment professionals like Fred B Barbara will help you out with success. Banking on them is a wise and prudent choice.
