Sunday, October 30, 2016

Benefit illustration for a life insurance policy

The benefit illustration of a life insurance policy provides valuable information on the return that you can get by investing your savings in the policy.

You are given a benefit illustration at the point of sale. Learn how to read it.

You can ask for a "post sale benefit illustration" to give you the information about a policy that you have taken many years ago. You can study it to calculate the "going forward yield". It will help you to decide if it is worthwhile to continue the policy.

You can read an example here:

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