Fixed Term Savings Plan
Everyone should set some aside for the rainy day, as they say. Even if you live a ripe old age, you will still need money. It is therefore very important that you should have some kind of plan for providing money when you are old or for your family when you pass away.
This plan is really suitable for investment if the investor does not want his money before the maturity date and will not need to cash the policy earlier. The best yield on a Fixed Term Saving Policy is always obtained by allowing it to run to its full maturity date.
With bonus additions, the policy increases in value each year and the “with-profit” policyholders will get much more than the money they contribute as premiums.
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