Assurance


 

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Assurance

In 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 Matches

Term assurance

Term assurance

A 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 assurance

Decreasing term assurance

Life insurance in which the death benefit decreases over the term of the policy although the premiums remain fixed.


Unit linked life assurance

Unit linked life assurance

See : 'unit linked policy'.


Decreasing term assurance

Decreasing term assurance

A 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 assurance

Level term assurance

Life assurance that pays out a set amount throughout the entire agreement if you die during the term.


Further Suggestions

life assurance
industrial 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


 
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