What is the difference between life assurance and life insurance?

Asked by haloqiaox

2 Answers

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Answered by Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE
insurance is when you insure something

assurance is when you insure someone (a life)

but companies and people often get the terminology wrong ... | 10.08.12 @ 09:54
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$commenter.renderDisplayableName() — {comment} | 09.24.17 @ 03:08
R
Answered by r.murdison
Strictly speaking, you are assured of dying, it's a certainty, so life assurance should only describe a 'whole of life' policy.
If you have a term life insurance policy (obviously for a fixed term of so many years) then you aren't assured of dying within the term so it's insurance but as per the other answer, the terms are frequently used interchangeably these days. | 10.08.12 @ 16:18
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$commenter.renderDisplayableName() — {comment} | 09.24.17 @ 03:08
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Answered by

Paul Richardson
Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE

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