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Tip of the Day Don't Use Insurance As An Investment Vehicle

Don't Use Insurance As An Investment Vehicle - For the most part many of us carry insurances that we don't need to. You should never use whole life insurance...

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Fixed Maturity Plan

Fixed Maturity Plan - A fixed maturity plan is also known as a FMP. This is a close-ended fund that invests in money market instruments and debt that has the same maturity date, as the stated maturity date in the plan. The main focus of the fixed maturity plan is to guarantee a steady stream on income using interest payments. These payments are provided while exposing the investor to a risk level that is much lower than other investment plans. These are considered to be long-term investments that reap a yield which is expressed as an annual rate.

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