PAR or Non-PAR Insurance: Understanding PAR Policies
When choosing between PAR or Non-PAR insurance, it is important to understand risk preference and financial goals. Non-PAR insurance provides fixed and guaranteed benefits, offering certainty and predictability, while PAR policies provide the potential for higher returns through bonuses. The decision between PAR and Non-PAR products depends on whether an individual prefers stable payouts or participation in profits. Understanding the structure of a PAR policy helps in selecting the right insurance solution aligned with long-term financial planning needs.