Life assurance - Is it different from Life insurance?

by Guest » Tue Feb 16, 2010 12:06 pm
Guest

While surfing online I just came across the term "life assurance". Is it something different than 'life insurance'? I'd be interested to know more about it.

Total Comments: 16

Posted: Fri Feb 19, 2010 03:24 am Post Subject:

Hmmmm, lets just randomly pick a color...I choose olive, for no particular reason, perhaps because it seems a tad unusual to me that it would be a color choice.

Posted: Fri Feb 19, 2010 05:50 am Post Subject:

Life assurance is actually what we popularly know as "Life insurance"
LI has 2 types of policies- on one hand you have Term policies which offer the death benefit (only) upon the death of the policy holder, on the other hand you have policies that offer an investment benefit.

Posted: Fri Feb 19, 2010 06:46 am Post Subject:

Well, that certainly clears things up, thanks for the post.

Posted: Tue Feb 23, 2010 06:16 am Post Subject:

These Life assurance providers need to be registered with the FSA.
The investment-linked LA policies that you're talking about would comprise of the WL policies and endowment policies.

Posted: Tue Feb 23, 2010 04:46 pm Post Subject:

Juanita, are you referring to the Financial Services Authority, the regulator of all providers of financial services in the UK?

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