4 conservative ways to lock the wealth for future

• Facilities for loan against fixed deposits

Because of the time factor, fixed deposits in many countries is called term deposits or time deposits. Here money cannot be withdrawn before the stipulated maturity period, also availing loans against it at a competitive rate of interest.

Bonds

For those with less risk appetite, bonds mean security under unpredictable market conditions. Apart from giving its investors tax advantages, short term bonds involve lesser opportunity cost in terms of smaller lock-in period than those taken for a longer tenor like 15-20 years.

Life Insurance Policies

Whole life insurance plans undertaken by an investor are the most important means to secure the financial future of your family. Your nominee can recover your sum assured after your death depending upon the premium paid, your health condition, your age and the time of taking out the policy.

Annuities

This is yet another alternative investment option for the future and are unaffected by market fluctuations. Low cost annuities have a guaranteed pay back irrespective of the market condition.
An annuity is a contract between you and the insurance company. Here an investor pays money to the company in the form of premiums in exchange of which the later pays the former back at regular intervals. An annuity with a guaranteed payback, once purchased, yields you returns for the rest of your life even after the depletion of your account value.