As young professionals, researching sound investment methods is a good way to build and achieve financial security. Before anything, the first step towards building a strong financial nest egg is to pay yourself first. As such, it is very important that we thoroughly understand the benefits and risks of investment products so we can assess if it is something that works with our financial objectives and risk tolerance.
One of the most common forms of investing is by securing a suitable insurance policy. Insurance plans have since evolved from being something that only your family or dependents can benefit from upon your passing. Now, it has become a feasible investment strategy that not only ensures that you and your loved ones are protected but also helps you be financially strong and secure.
Having said that, we are sure that by now, you may have heard of the following products - variable unit-linked plan, non-traditional insurance plans, and unit-linked insurance plans. The question is, do you really know what these are? Just in case you don’t, allow us to clarify these seemingly confusing concepts for you.