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Life assurance premium relief |
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Life 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.Similar MatchesIndex linked family income assuranceIndex 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. Joint life assuranceJoint life assuranceAn assurance policy usually taken out on two lives, typically husband and wife. Under this type of policy, the sum assured is payable at the event of the first death. BancassuranceBancassuranceA combination of banking and insurance business. A high street bank, for example, might sell both mortgages and the life insurance policies that must go with them. Also applies to pension sales by banks. Unit linked endowment assuranceUnit linked endowment assuranceSee: 'endowment assurance'. Decreasing term assuranceDecreasing term assuranceLife insurance in which the death benefit decreases over the term of the policy although the premiums remain fixed. Further Suggestionsendowment assurancerenewable term assurance contingent assurance Level term assurance Life assurance family income benefit (family income assurance) life assurance unit linked life assurance industrial life assurance Decreasing term assurance term assurance assurance unit linked whole of life assurance index linked term assurance |
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