Money back policy

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Money Back Policy
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Money-Back Life Insurances
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• Apart from typical life insurances, that only pay
  out in the form of death benefit, some life
  policies offer a distinctive approach by having
  an added investment element. The investment
  element (also called cash value) means that the
  policyholder is allowed to increase the price of
  the premiums paid to the insurance company. This
  supplementary portion added to the premium,
  called surplus, is ultimately invested in other
  businesses, together with other policyholders'
  added portions. Money Back Policy belong to this
  broad category of insurances. They are permanent
  life policies with cash value. If you want to
  weld life insurance and investment into one
  piece, this is an option worth looking at.

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• In the case of money-back life insurances, the
  profit that comes out of the investments is
  issued in the account of the policyholder as a
  bonus and it is added to the assured sum of
  money. Considering the fact that sometimes not
  even specialists can guarantee the success of an
  investment, for they cannot foresee economic
  evolution, this type of insurance does not mean
  you are granted instant profit. This is why
  money-back insurances are especially advantageous
  in the long term and they are not a safe option
  for short periods of time. Despite this, they are
  more flexible and favourable options than other
  cash value insurances.

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• For example, compared to endowment policies, that
  only allow access to the savings account after
  the completion of the term (after the
  policyholder's death), money-back insurances give
  the option of withdrawing money during the tenure
  for personal purchases (regarding, for example,
  home improvements or trips). The policyholder may
  even sign up to receive the bonuses periodically,
  thus ensuring a supplementary source of income if
  there is profit. Furthermore, what makes
  money-back insurances even more appealing is the
  fact that the profit is not subject to taxes.

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• Still, some experts say that there are other more
  reliable and efficient methods of investing,
  stating that the cash value component should not
  be mixed with insurance. This stirs real
  confusion among potential clients, as they do not
  know whether it might be better to opt for a
  normal Money Back Policy and invest the money in
  other activities. However, if you sign up for
  money-back life insurance and your policy happens
  to have some shortfall that you are not able to
  pay, you can sell the policy with the help of an
  adviser. Though this is little likely to happen
  in the long term, keep in mind that selling the
  policy might entail a complicated and burdensome
  process.
• Source-http//bit.ly/2lRtikk

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