How can I earn in the foundation policy?

Endowment policies are life insurance contracts that provide the insured's live advantage, which takes the form of cash payment. The insurance book can earn cash in the endowment policy by completing and submitting paperwork on the selection of the insurance industry that the insurance policy wrote. In some countries, such as the United States, policies can also earn a foundation in politics by concluding an agent who sold the contract.

Simple life insurance insurance provides recipients of cash payments after the insured's death. The insurance company finances these payouts by requires the policyholders to pay monthly premiums. The foundation's principles work similarly, except that monthly premiums are usually larger and some companies even charge bonuses in the form of a single lump -sum payment. Part of the bonus is aimed at providing life insurance benefits, but the rest of the bonus moves to a cash account that pays either a fixed or variable level of return. Usually apojistan mIn the future at a certain point at a specific point cash in the Policy of the Foundation.

In some cases, premiums for subsidy policy are invested in simple interest accounts, if the funds can be quickly accessed when the policyholder submits an application for selection. Some insurance companies invest premiums in mutual funds or securities accounts, in which case the broker must sell securities when the policyholder submits a cash request in this policy. The securities laws differ, but in many countries it takes three or more days for the sales party to receive revenues from the sale of securities. Then the insurance company must pay the proceeds to the policyholder so that the entire resignation process can take more than a week.

Endition policy differs from country to country. In the United States, policyholders cannot normally earn a subsidy policy of up to 10, 20 or 30 years after the purchase date. Many of the Endowment Policy in the GreatThe Britain is tied to mortgages and the policyholder can only earn in this policy if the funds are to be used to repay a housing loan. In some cases, the funds held in policies foundations can only be approached if the policyholder arises certain types of health costs or become deactivated.

Generally, anyone who is to reimburse the foundation policy must sign a selection form and give a reason for download. While the selections are usually permitted only under certain circumstances, some policies include provisions that allow insured premature selection. In most cases, premature withdrawals have a sanction fees that can exhaust the lump sum that the policyholder receives. In addition, foundation policies in some countries are provided with special tax treatment, which means that bonuses are growing deferred tax. As a result of the payment in politics, policy is often fought with a significant tax law.