Group items tagged

Filter: All | Bookmarks | Topics Simple Middle

shared by Vipas Suktavornprasit on 20 Nov 13 - No Cached

Life Insurance and Life Assurance perform different financial roles and are poles apart in cost
...

Cancel
Life Insurance provides you with insurance cover for a specific period of time
...

Cancel
Life Assurance is different. It is a hybrid mix of investment and insurance. A Life Assurance policy pays out a sum equal to the higher of either a guaranteed minimum underwritten by the policy's insurance provisions or its investment valuation.
...

Cancel
...1 more annotation...
If you were to die during a Life Assurance policy's term, the policy pays out the higher of either the guaranteed minimum sum or the accumulated value of the annual investment bonuses. However, if you are still living when the policy terminates, you usually get a bigger payout. This is because with most insurance companies, an additional terminal bonus is awarded.
...

Cancel

1 - 1 of 1

Showing 20▼ items per page