|
|
Assurance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
AssuranceIn the UK the term 'assurance' tends to be used where insurance is taken out against something which will inevitably occur, an example being death and thus life assurance. The term 'insurance' is used when insuring against an event which may occur such as damage to a motor vehicle.Similar MatchesTerm assuranceTerm assuranceA life insurance policy in which cover is provided for a specified period of time (the term). The sum assured is paid if the death of the insured occurs during the term. If the insured survives the term, the contract ceases and no benefit is payable when the individual subsequently dies. Decreasing term assuranceDecreasing term assuranceLife insurance in which the death benefit decreases over the term of the policy although the premiums remain fixed. Unit linked life assuranceUnit linked life assuranceSee : 'unit linked policy'. Decreasing term assuranceDecreasing term assuranceA life insurance policy that pays out a lump sum in the event of death. The amount paid out can be calculated so that it fall in line with your outstanding mortgage debt – meaning that over time the borrowers premiums also fall. This type of policy is well suited to providing cover on a repayment mortgage. Level term assuranceLevel term assuranceLife assurance that pays out a set amount throughout the entire agreement if you die during the term. Further Suggestionslife assuranceindustrial life assurance index linked family income assurance family income benefit (family income assurance) index linked term assurance life assurance premium relief Life assurance renewable term assurance contingent assurance bancassurance endowment assurance unit linked endowment assurance joint life assurance unit linked whole of life assurance |
|
|
|