<%@LANGUAGE="VBSCRIPT"%>
<%
option explicit
%>
<%
dim rsArticles, sSQL, gStr
set rsArticles = server.createobject("adodb.recordset")
rsArticles.cursorlocation = 3
sSQL = sSQL & "SELECT TOP 10 Articles.Article_ID, Articles.Article_Title, Articles.Article_Excerpt, "
sSQL = sSQL & "Articles.Article_Content, Articles.Article_Posted, Articles.Article_Comments, "
sSQL = sSQL & "Articles.Article_Images, Categories.Category_ID, Categories.Category_Title, Users.User_ID, "
sSQL = sSQL & "Users.User_Name FROM FB_Users AS Users INNER JOIN (FB_Categories AS Categories "
sSQL = sSQL & "INNER JOIN FB_Articles AS Articles ON Categories.Category_ID = Articles.Article_Category_ID) "
sSQL = sSQL & "ON Users.User_ID = Articles.Article_User_ID WHERE Article_Status = 1 AND Article_Level = 0 "
sSQL = sSQL & "ORDER BY Article_Posted DESC;"
rsArticles.open sSQL, adoConn
Do While Not rsArticles.EOF
gStr = gStr & "
" & vbCrLf
rsArticles.MoveNext
Loop
%>
<%=gStr%>
Pure endowments
A pure endowment is not a true life insurance policy as it provides no life insurance cover. The standard pure endowment contract simply pays out if the life survives until the maturity date. If the life dies at an early date then the policy pays out nothing as there is no life cover. With no life cover there is no underwriting required. Some pure endowments may offer a return of premium if death occurs before the maturity date. These policies have been used to mitigate inheritance tax.
Guaranteed bonds
A guaranteed bond is where the income or capital growth is guaranteed and will normally be a single premium policy written as an endowment for a fixed period.
The policy provides for regular with drawls usually annually in arrears. The withdrawals, although they may be termed as income, are in fact capital withdrawals. These are pure investment policies for clients wanting fixed income and capital security.
A guaranteed growth policy pays no annual withdrawals but provides instead a guaranteed maturity value at the end of the term. It is effectively an accumulation of the single premium plus the interest rate prevailing at the time. An investment contract for clients wanting a fixed return but no income.
Life offices market these policies from time to time often for a limited period.
The attraction of these polices depends on the prevailing interests rates at the time.
Other life insurance policies
Below we briefly mention some other types of life policies which do not readily fit into the main three categories previously mentioned.
next -
Universal Life Insurance Polices