إفادة محاسب _ Accountant benefit

A level premium policy costs less initially than term insurance

Property insurance, in is the general rule that insurable interest must exist at the inception of the policy but not necessary at the time of the loss

Life insurance, insurable interest need exist only at the time of the loss and not at the inception of the policy

.....Where payments commence at some time in the future

..........Where payments commence as soon as the lump sum is received by the assurers.

All annuities may be considered under two basic ,immediate annuities and deferred annuities

It's one of forms of annuity

This means that the annuity is payable for a fixed number of years, even if the annuitant dies before the period is complete

This is straightforward pension, payable as long as the annuitant lives

Annuities are contracts of life assurance, they aren't form of pension whereby

In group life assurance ......The policies may be on a whole life or endowment basis

This kind of policy is becoming increasingly popular in all types of insurance, and the individual members are not always required to contribute towards the premiums

These are variations of assurances....

One of variations of assurances life except 4 basic types

......has become extremely popular, provides for the sum assured to be paid either at death, or after a fixed number of year's whichever comes first.

....... are useful to provide against death duties, and for persons of normal health quite substantial benefits can be obtained for relatively low premiums.

Temporary assurance is the cheapest form of life cover available, but of course its scope is very limited.

These are the oldest form of policy, payment only being made by the assurer if the life assured dies within the specified period