Hi there! just wondering why would 1 buy non-participative endoment insurance? I dont see any benefits to it. Anyone who bought it can explain it to me? Newbie here.?
Time period: Participating (Par) is often long term from decades to life-long. Non-par can be as short as 2 years
Returns: Par has both guaranteed and non-guaranteed bonuses. Non-par returns are fixed
Purpose: Par is usually for a long-term goal (e.g. child's education, legacy planning). Non-par is a somewhat equivalent of fixed deposit with added insurance component.
Time period: Participating (Par) is often long term from decades to life-long. Non-par can be as short as 2 years
Returns: Par has both guaranteed and non-guaranteed bonuses. Non-par returns are fixed
Purpose: Par is usually for a long-term goal (e.g. child's education, legacy planning). Non-par is a somewhat equivalent of fixed deposit with added insurance component.