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5 Reasons to Invest in ULIPs for Retirement
The insurer will invest all future premiums on your behalf after paying the life cover sum assured upon your death. The funds will continue to grow and at maturity will be paid out to your spouse.
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Top 5 Reasons to Choose ULIPs For Building a Retirement Corpus
Life Cover for Spouse: If you are married to a homemaker, her financial needs and goals are entangled with yours. In the case of your untimely demise, her retirement and financial goals will also suffer greatly. But with ULIP, you can ensure that this does not happen. While ULIPs have a life cover, some plans go a step ahead and secure your future investments as well through the Waiver of Premium option. So, if you happen to meet your ultimate fate, the insurer will make sure your ULIP reaches the goal you intended for it. The insurer will invest all future premiums on your behalf after paying the life cover sum assured upon your death. The funds will continue to grow and, at maturity, will be paid out to your spouse.