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Index linked term assurance |
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Index linked term assuranceTerm assurance in which premiums are increased in line with the retail price index and hence the sum assured is increased.Similar MatchesUnit linked whole of life assuranceUnit linked whole of life assuranceSee: 'whole life assurance'. Life assurance premium reliefLife assurance premium reliefA tax relief of 15% on the premiums paid into long-term insurance policies. Applies only to policies lasting for more than 10 years and issued before March 13, 1984. Industrial life assuranceIndustrial life assuranceAn assurance policy on the life of an individual where weekly or monthly premiums are regularly paid to the assurance company by way of their agent who collects directly from the policyholder's home. This method of collection originated in industrial areas as a means of saving for a future lump sum or protection against industrial accidents etc. This type of assurance is now virtually extinct. Unit linked endowment assuranceUnit linked endowment assuranceSee: 'endowment assurance'. Family income benefit (family income assurance)Family income benefit (family income assurance)A type of term assurance in which, following the death of the life assured, instalments, rather than a lump sum, are paid to the beneficiary for the remainder of the policy term. If the life assured lives to the end of the term, no benefit is payable. Further Suggestionsrenewable term assuranceassurance unit linked life assurance Level term assurance life assurance Decreasing term assurance decreasing term assurance bancassurance Life assurance contingent assurance joint life assurance term assurance endowment assurance index linked family income assurance |
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