Characteristics of Investment-Linked Insurance Policies

There are numerous insurance policies available right now but oftentimes, we get confused as to which of these policies is best-suited for us and will provide highest possible gain and maximum protection as well. Hence, we have summarized below the general characteristics of insurance policies for your convenience. But first, let us discuss the different types of risk as these should be highly considered in obtaining an insurance policy. These are: Speculative Risk where there is a possibility of  gain or loss; and Pure Risk where there is no possibility of gain (e.g. death, disability or old age) Therefore, being insured helps … Continue reading Characteristics of Investment-Linked Insurance Policies