Endowment
policies
are
payable
at
the
death
of
the
insured
or
on
a
specified
maturity
date
if
the
insured
is
alive.
Premiums
generally
are
payable
from
the
date
of
issue
until
the
date
of
maturity
but
may
be
limited
to
fewer
years
or
even
to
a
single
lump-sum
payment.
Premium
payments
on
endowments
are
high
because
a
large
cash
value
is
built
up
in
a
relatively
short
time.
Endowments
combine
savings
with
insurance,
and
such
policies
may
be
used
to
provide
for
college
education,
mortgage
payments,
or
retirement
purposes.
This
type
of
policy
lost
popularity
when
competing
savings
mediums
began
paying
higher
interest
rates
in
the
1970s
and
early
'80s.
More
competitive
interest
rates
have
not
yet
restored
its
standing.
Exploring
all
the
available
insurance
policies,
options
and
riders
can
be
mind
boggling.
An
experienced
professional
can
analyze
your
situation
to
help
you
decide
how
much
protection
you
need
and
help
you
design
an
overall
insurance
plan
that
will
provide
you
and
your
family
the
highest
level
of
security
at
the
best
possible
pricing.
Once
you
have
a
plan
in
mind,
shopping
gets
a
lot
easier.
Rates
and
coverage
vary
form
state
to
state.
Shop
around
on
your
own
and
talk
to
an
independent
insurance
agent
to
make
sure
you
get
a
plan
that's
right
for
you.
It's
amazing
how
much
rates
may
vary
from
company
to
company
for
the
same
coverage.
For
more
information
and
rates
on
life
insurance
visit
www.grouphealthplans.com
.
