Results for tag: "Life Assurance"

Life Assurance is a type of life insurance that provides financial protection for individuals and their families in the event of death. It is a contract between an individual and an insurance company, whereby the insurer agrees to pay a lump sum or regular payments to the individual's beneficiaries in the event of their death. The policyholder pays a premium to the insurer, which is used to cover the cost of the policy. Life Assurance policies can be tailored to meet the individual's needs, such as providing a lump sum to cover funeral costs, or providing a regular income to the family. The policyholder can also choose to add additional benefits, such as critical illness cover, which pays out a lump sum if the policyholder is diagnosed with a serious illness. Life Assurance is an important part of financial planning, as it provides financial security for individuals and their families in the event of death. It is also a way of protecting against the financial burden of funeral costs. Some companies in the Life Assurance market include Aviva, Legal & General, Prudential, Zurich, and Aegon. Show Less Read more