term life assurance

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term assurance

This is the simplest form of life assurance, and is a pure protection product A term assurance policy is taken out for a set period of time (e g 10, 20 or 25 years) and guarantees to pay out a specified sum if you die during that period of time If you survive the term of the policy, no payment is made

term assurance

This is the simplest form of life assurance The insured person is covered against death within a fixed period depending up on the payment of the premiums If an insured person dies within the policy term the sum assured is paid out If the insured person survives the term the premium has been spent and the insurance ends with nothing being paid to the policyholders

term assurance

a life assurance policy that pays out a lump sum on the death of the life assured within the term of the plan

term assurance

This is the simplest form of life assurance It pays out the sum assured on the death of the policy holder as long as it occurs within the term of the policy This is mainly used in conjunction with capital and interest mortgages In particular the policy is known as a mortgage protection assurance This version of term assurance has cover which reduces in line with the reduction in the mortgage amount owing Some borrowers prefer to use level term assurance which does not reduce The means that there would be a capital sum left over if they died in the later years of the mortgage If the borrower lives to the end of the mortgage term the term assurance cover simply expires and has no value As this is a protection only contract premiums are relatively inexpensive

term assurance

This is the simplest form of life assurance offering a guaranteed sum payable, on death within a fixed number of years (the term)

term assurance

This is the simplest form of life assurance It pays out the sum assured on the death of the policyholder as long as it occurs within the term of the policy This is mainly used in conjunction with capital and interest mortgages In particular the policy is known as a mortgage protection assurance This version of term assurance has cover which reduces in tandem with the reduction in the mortgage amount owing Some borrowers prefer to use level term assurance which does not reduce The means that there would be a capital sum left over if they died in the later years of the mortgage

term assurance

The sum assured is paid on death only if it occurs within the specified term of the policy and is normally the cheapest form of life assurance

Heceleme

term life as·sur·ance

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/ˈtərm ˈlīf əˈsʜo͝orəns/ /ˈtɜrm ˈlaɪf əˈʃʊrəns/