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What is the difference between life insurance and life assurance?
Wiki User
∙ 11y ago
The terms are interchangeable.
Wiki User
∙ 11y ago
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Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
What is the difference between term and whole life insurance if there is any?
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
Which financial institutions offer life insurance assurance?
There are several financial institutions that offer life insurance assurance. Some examples are Bank of America, Citibank, SunTrust Bank and Merrill Lynch Bank.
What is Difference Between insurance and assurance?
Assurance and Insurance 1. In financial discourse, the following hold: In English, it is customary to refer to Assurances as protection against the financial loss arising from life contingencies. Examples: life assurance, health assurance, and disability assurance. The financial institutions of established reputation that issue such assurance policies are known as Life Offices. Indemnity on loss of, or damage to, property is ordinarily referred to as insurance. Examples: fire insurance, motor insurance, and commercial or personal liability insurance. The institutions issuing such insurances are normally known as Insurance Offices, also of established reputation. In American, no distinction is ordinarily made between assurances and insurances, and all are known as insurance, issued by insurance companies, which, in desirable conditions, are also held in high esteem and trust. 2. In moral discourse, the following hold: An assurance is some sign - perhaps someone's word - evidencing that something will, or will not, happen. Insurance is some form of protection against the cost or damage done, in case an un-wanted event should happen. Example: A strong air force, well provided with all the necessary tools and equipment, is a very blessed insurance, cheaply bought, in case the wretched Dictator should determine to send his terrific flying machines over our Island. To speak of assurance, in the above example, would be to speak of our ways of knowing that the maurauders will never come. 3. In psychology, 'assurance' is often equated with confidence, in a broad sense.
Where can one purchase life assurance?
One can purchase life insurance from a number of different companies. One can purchase life insurance from companies such as Aflac, Liberty Mutual, and American Family Life Insurance.
What is the difference between voluntary insurance?
What is the difference between voluntary life insurance and life, ad/d?
What is the best way to have life assurance?
The best way to have life assurance is through life insurance. Life insurance can be gained from most banks and is commonly available as a service to be provided.
What is the difference between accidental death life insurance and regular life insurance?
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
Difference between Reliance Life Insurance and LIC Which company is best In life insurance?
LIC
What type of life insurance pays a dividend?
Group life assurance
What is the difference between life insurance and whole life insurance?
The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
What is the difference between term and whole life insurance if there is any?
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
What is the difference between indirect and direct quote life insurance?
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
When did The Equitable Life Assurance Company of the United States get renamed AXA Equitable Life Insurance Company?
The French insurance company called the AXA Equitable Life Insurance Company was renamed from The Equitable Life Assurance Company of the United States in the year of 2004.
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'
What is the difference between a life insurance producer and life insurance advisor in MA?
Life insurance producer can solicit and sell insurance. A life insurance advisor, cannot. An advisor can only give advice but not sell insurance.
