|
|
Unit linked whole of life assurance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Unit linked whole of life assuranceSee: 'whole life assurance'.Similar MatchesEndowment assuranceEndowment assuranceA fixed term life assurance policy in which provision is made for premiums to pay for life cover plus a savings/investment element. The policy pays out a sum of money (the sum assured) on the death of the life assured or at a specified date (the maturity date) if the life assured survives the term. If an endowment policy is encashed in its early years any proceeds returnable to the policyholder will normally be below the value of the premiums paid up to cancellation. 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. Life assuranceLife assuranceAn insurance policy that pays a lump sum on death. Often taken out with a mortgage to provide money for the loan to be repaid if the borrower dies during the term. Decreasing term assuranceDecreasing term assuranceLife insurance in which the death benefit decreases over the term of the policy although the premiums remain fixed. Index 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. Further Suggestionsterm assurancejoint life assurance unit linked endowment assurance life assurance contingent assurance index linked family income assurance life assurance premium relief Level term assurance unit linked life assurance renewable term assurance Decreasing term assurance industrial life assurance assurance family income benefit (family income assurance) |
|
|
|