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
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
The information provided gives a general overview of the
products and services provided by Family Guardian
and should not be construed to be contractual information.
Like most insurance policies, Family Guardian’s policies contain exclusions,
limitations, reductions of benefits and terms for keeping them in force.
For complete cost and details, talk to your Family Guardian representative.