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Index linked family income assurance |
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Index linked family income assuranceFamily income assurance in which the assured may, if he or she chooses, increase premiums in line with the retail price index and hence increase the sum assured.Similar MatchesIndex linked term assuranceIndex linked term assuranceTerm assurance in which premiums are increased in line with the retail price index and hence the sum assured is increased. Life assuranceLife assuranceAn insurance policy which, in return for the payment of regular premiums, pays a lump sum on the death of the insured. In the case of policies limited to investments which have a cash value, in addition to life cover, a savings element provides benefits which are payable before death. In the UK endowment assurance provides life cover or a maturity value after a specified term, whichever is the sooner. Unit linked endowment assuranceUnit linked endowment assuranceSee: 'endowment assurance'. Unit linked whole of life assuranceUnit linked whole of life assuranceSee: 'whole life assurance'. AssuranceAssuranceIn 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. Further Suggestionsjoint life assuranceLife assurance industrial life assurance unit linked life assurance bancassurance term assurance Decreasing term assurance life assurance premium relief endowment assurance Level term assurance decreasing term assurance family income benefit (family income assurance) renewable term assurance contingent assurance |
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