Unit linked whole of life assurance


 

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Unit linked whole of life assurance

See: 'whole life assurance'.



Similar Matches

Endowment assurance

Endowment assurance

A 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.


Bancassurance

Bancassurance

A 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 assurance

Life assurance

An 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 assurance

Decreasing term assurance

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


Index linked term assurance

Index linked term assurance

Term assurance in which premiums are increased in line with the retail price index and hence the sum assured is increased.


Further Suggestions

term assurance
joint 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)


 
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