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From Wikipedia: "Life insurance or life assuranceis a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise." You're welcome from http://www.boomer-survival-guide.com
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What are the types of whole life assurance policies?
There are seven different types of whole life assurance policies. These whole life assurance policies include non-participating, participating, indeterminate premium, economic, limited pay, single premium, and interest sensitive.
Can you have 2 life assurance policies?
Yes, you can have two life insurance policies. There are people who have even more than that. It isn't recommended to have a large number of policies, but two is not uncommon.
How much does life assurance cost?
Life assurance policies, just like insurance policies, will depend completely on you and your specific conditions. Term life assurance can be as cheap as $50 a month for a middle-aged, healthy individual, but costs go up quickly if there are any health problems or higher ages to take into account.
What are the 3 types of life insurance poilces?
The 3 types of life insurance policies are :-1. Endowment.2. Whole Life.3. Term Assurance.
What are some Canadian companies that offer medical insurance policies?
Some of the Canadian Companies that offer Medical Insurance Policies are Aetna International and The Great West Life Assurance Company.Also, Assumption Life and Desjardins Group offer Medical Insurance Policies.
Distinguish between endowmnet whole life and term assurance policies?
whole life provides a life cover amount, available over whole life of assured, while term assurance provides a specific amount of life cover available only over a restricted length of time.
Where can one find an online life assurance quote?
One can get an online life assurance quote either by going direct to the websites of individual life assurance companies or by using comparison websites such as moneysupermarket or comparethemarket. The comparison sites can be useful as they will come up with a list of suggested policies and insurance companies, which can then be researched further as required.
Who owns Nation life and general assurance company?
Nation Life and General Assurance Company was liquidated in the 1970's. However, Industrial Branch policies were taken on by Reliance Mutual in Tunbridge Wells telephone 01892 773396 (2010)
What are the rules for life assurance policy insurance?
The rules of life assurance policy insurance vary from provider to provider. The exact rules will be specific to the plan and coverage that you purchase. In general, these policies are payable upon death or diagnosis of a terminal illness.
What has the author Harold Dougharty written?
Harold Dougharty has written: 'Pension, endowment, life assurance and other schemes for employees of commercial enterprises' -- subject(s): Accessible book, Industrial life insurance, Life Insurance, Pensions, Endowment policies 'Pension, endowment, life assurance' -- subject(s): Accessible book, Industrial life insurance, Life Insurance, Pensions 'Pension, endowment, life assurance, and other schemes for employees of commercial companies'
If you have whole life assurance life insurance attached to an endowment and your employer pays three time your salary on death in service will your wife be able to claim from all three policies?
Yes
Why are there several types of life insurance on the market?
To cater to the needs of various segments of the society, life insurers have brought life policies in various forms viz., endowment, whole life, term assurance, pension, health etc.
