HomeDistinguish between endowmnet whole life and term assurance policies?
Wiki User
Answered 2007-08-17 11:38:11
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.
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A common meaning of distinguish is to notice or recognize a difference between people or things. If you are color blind, you may be unable to distinguish between red and green.
Thus, a significant difference between assurance and attestation engagements is that assurance engagements do not necessarily result in a standard form of report, whereas attestation engagements (and more familiar audits and reviews) do.
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To distinguish between two things is the same as ppointing out the differences between two things.
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The extent of work involved in a non assurance engagement is less than that offered in an assurance engagement. The accountant will need to use a series of methodology in a non assurance engagement such as analytical reviews and inquiries of management while more job need to be done in an assurance engagement.
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It's hard to distinguish between the two twins.
Well according to my reasearch on this I really don't have a real idea. Hahahah
Assurance is a feeling you give someone when they are confident in you. Insurance is a financial instrument that protects you if you experience a loss.
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