Life Assurance

Life Assurance Articles

  • Welcome to Best of ABA Sections ... possible through the recently ABA-approved contract between the General Practice, Solo and Small Firm Section and The Equitable Life Assurance Society. ...


Life Assurance Resources

Keyperson Insurance and Buy-Sell Agreements Protect Your Firm from ...
Edward J. Morehouse, Jr., is a financial associate with EQ Financial Consultants, Inc., of the Equitable Life Assurance Society. He has a broad background ...
Hull Life Assurance Thrust
The Hull Life Assurance (HLA) thrust is focused on improving the combat effectiveness of surface ships through technological advances in structural design. ...

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Basic life assurance


Article from Wikipedia licensed under GNU Free Documentation License.

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Last Updated August 11, 2005

Definition

Life Assurance: life insurance: insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
Wordnet
Life Assurance (Life Insurance in US English) is insurance of people's lives where it is certain that a payment will be made. That is, whereas e.g. non-life insurance might pay out if the contingency occurs that justifies payment (e.g. a fire in the case of fire insurance), in the case of life assurance pay out is certain because death is certain.
Wikipedia
A general term covering a variety of types of personal protection policy. The one thing they all have in common is that a payout on death is the main purpose for the contract.
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