With-profits Policy - Types of Policies

Types of Policies

There are two main categories of with-profits policies:

  • Single premium contracts - insurance bonds (with-profit bonds), single premium endowments, single premium pension policies.
  • Regular premium contracts in which premium payments are usually made monthly - endowment policies, pension policies.

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Famous quotes containing the words types of, types and/or policies:

    ... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.
    Albert Camus (1913–1960)

    ... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.
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