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May
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An endowment and an Annuity have a number of features that are similar but both these products are quite distinct. Both annuity and endowment are establishment of insurance companies such as http://www.emgairs.com and both of these products focus on saving money.
An endowment is basically a life insurance policy that emphasizes on great cash value whereas an annuity can be termed as a saving vehicle. Though both of these products allow you to save money, and endowment policy also contains a death benefit. Your family’s monetary needs are covered by an endowment policy, whether you survive or die.
An Annuity will simply pay your legal hires the money that you actually put into the policy along with all the returns that were made over the funds. Since annuity is a product that emphasizes on saving money, there are large types of investments that it offers. Compared to annuity, endowments generally used only fixed investments.