A UL plan is a life insurance policy that combines insurance and investment. These plans offer term insurance allowing policyholders to invest in marketable instruments such as liquid, equity, debt and hybrid funds.
Tips on income increase
A long term of investment is an important step towards increasing returns. If you invest for ten or more years, you will automatically receive higher returns than those who invest for only five years.
Choose your investment package wisely: UL funds come in several forms. For example, private equity funds offer higher returns but also come with higher risks. Debt funds have lower risks and stable returns (usually low). There are also balanced funds that combine two types of investments.
Optimization of asset allocation: don't invest in the securities of one industry. You can change the distribution of investments in accordance with market indicators.
Use the account replenishment feature. UL plans allow replenish account with new premiums. This feature can come in handy, as the replenishment of capital always reflects favorably on investments.
Let the company manage your funds. If you have no time to follow the movements of the stock market, trust it the life insurance company. Most insurers offer this option.
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