life insurance policy

[Princessbuff]

This may sound naive but I'm a bit green when it comes to financial issues.I want to take out life insurance but I want one of those policies which mature after a certain time and if it hasn't been claimed , then I get some or all of it back in a nice lump sum. All of the policies I get pointed towards are those you pay a bit to each month but you don't get anything back at the end of it.

For my sanity and those of various financial companies... what product am I looking for, how do you describe it and can anyone tell me where I need to look , e.g. a good website.

[Loosehead]

You are talking about an Endowment, eek I hear you cry! Before they where habitually used for mortgages they where, and still are a vehicle for saving coupled with life cover. Depending on your needs you can go for maximum investment , minimal life cove, vice versa or wome where in between. In order for the policy to be qualifying (final proceed tax free) a certain minimum life cover is required. I recommend talking advice from an IFA .

[hectic]

Friends Provident do a policy called an international savings plan and are a highly reccommended company for this! You can start from �50 per month with life cover attached!

[NoGood Boyo]

If you want to learn how insurance and savings policies work, take a look at tiptopmoney.com and click on the knowledge section. The information is free, there are no ads or pop ups and no data capture.