life assurance


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Related to life assurance: life insurance

life assurance

or

insurance

a contractual arrangement under which, in return for a stipulated premium, a life assurance company undertakes to pay, on the death of the life assured or on the occurrence of such other events as maybe agreed, a specified sum of money.
References in periodicals archive ?
The PPARB further ordered the contract to be awarded to one of the losers - UAP Life Assurance - whose bid of Sh797,623,500 was the lowest, but which was not considered.
has acquired Ireland-based life assurance business Laguna Life DAC, to strengthen position in European market, the company said.
In coming articles we'll be looking at how life assurance interacts with critical illness cover and income protection, and how you should decide which type of cover is best for you so if you have any questions on any of this drop me a line at moneydoctor@dailyrecord.
However, a friend has told me that, due to a change in legislation, if I use the proceeds of the life assurance to repay the mortgage then that mortgage debt cannot be deducted from the value of my brother's estate and, thus, I face the prospect of having to pay a significant inheritance tax bill?
The buyer, acting via its unit Prudential Life Assurance (Thailand) Public Company Limited, signed an agreement on the deal in November last year, as part of an exclusive 15-year partnership with Thanachart Bank to jointly expand their bank insurance operations in Thailand.
The bank has entered into a partnership with Prudential Life Assurance (Thailand) and Counter Service Co Ltd, to launch a new bill payment service.
Skandia's market share in the life assurance market on a moving 12-month basis was estimated to be 19.
The company which owns 825 estate agents across the UK said that demerging its life assurance group would have no effect on customers.
I don't know where to start looking for life assurance
There are over 100 companies selling life assurance, all with different products, costs, charges, conditions and investment performance, so finding the right company and policy is not easy.
Life assurance is usually bought to protect the income of the main bread- winner, so that should the worst happen the family do not lose that money coming in.
But more than one in three families in Britain still don't have life assurance and 31 per cent don't have any idea how much their partner is covered for.