A Time To Die (preparing for your ultimate demise)

Insurance Or Assurance?

What is the the difference between insurance and assurance?

Insurance is cover for an event that might happen and Assurance is cover for an event that will happen.

Life assurance is a policy that not only gives pays out a guaranteed figure but also a non-guaranteed bonus based upon the insurance companies investment profits over the number of years the policy has been in force.

Life insurance on the other hand is for a fixed number of years and will only pay out if death occurs during this period.

This website is dedicated to Mary Ann Jackson (14th December 1918 to 22 October 2007)

The information contained on this website is given in good faith, however if in any doubt consult a solicitor of law. Consult a financial advisor on matters relating to finance.