life assurance Quick reference
A Dictionary of Law (10 ed.)
... assurance Insurance providing for the payment of a sum on the occurrence of an event that is in some way dependent upon a human life. In endowment assurance the insurer is liable to pay a fixed sum either at the end of a fixed period or at death if the insured should die in the meantime. Whole-life assurance provides for the payment of a fixed sum on the death of the insured. Term (or temporary ) assurance provides for a fixed sum to be paid in the event of the death of the insured within a specified...
life assurance Quick reference
A Dictionary of Law Enforcement (2 ed.)
... assurance Insurance providing for the payment of a sum on the occurrence of an event that is in some way dependent upon a human life...
life assurance Quick reference
A Dictionary of Accounting (5 ed.)
... assurance An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life assurance grew from a humble means of providing funeral expenses to a means of saving for oneself or one’s dependants, with certain tax...
life assurance Quick reference
A Dictionary of Business and Management (6 ed.)
... assurance An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life assurance grew from a humble means of providing funeral expenses to a means of saving for oneself or one’s dependants, with certain tax advantages. With-profits policies provide sums of money in excess of the sum assured by the addition of bonuses . Unit-linked policies invest the premiums in funds of...
life assurance Quick reference
A Dictionary of Finance and Banking (6 ed.)
... assurance An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life assurance grew from a humble means of providing funeral expenses to a means of saving for oneself or one’s dependants, with certain tax advantages. With-profits policies provide sums of money in excess of the sum assured by the addition of bonuses . Unit-linked policies invest the premiums in funds...
variable life assurance Quick reference
A Dictionary of Business and Management (6 ed.)
...life assurance A unit-linked policy in which the policyholder can vary the amount of life assurance cover...
variable life assurance Quick reference
A Dictionary of Finance and Banking (6 ed.)
...life assurance A unit-linked policy in which the policyholder can vary the amount of life assurance cover...
industrial life assurance Quick reference
A Dictionary of Business and Management (6 ed.)
...life assurance ( home service assurance ) A type of life-assurance policy, usually for a modest amount, the premiums for which were collected on a regular basis by an agent of the assurance company, who called at the policyholder’s home. Records of the premium payments were kept in a book, which had to be produced to make a claim. This type of assurance began in industrial areas (hence its name), where small weekly policies were purchased to help pay the funeral expenses of the policyholder. The company agent was known in certain areas as a tally...
industrial life assurance Quick reference
A Dictionary of Finance and Banking (6 ed.)
...life assurance ( home service assurance ) A type of life-assurance policy, usually for a small amount, the premiums for which were collected on a regular basis by an agent of the assurance company, who called at the policyholder’s home. Records of the premium payments were kept in a book, which had to be produced to make a claim. This type of assurance began in industrial areas (hence its name), where small weekly policies were purchased to help pay the funeral expenses of the policyholder. The company agent was known in certain areas as a tally...
group life assurance Quick reference
A Dictionary of Business and Management (6 ed.)
...life assurance A life-assurance policy that covers a number of people, usually a group of employees or the members of a particular club or association. Often a single policy is issued and premiums are deducted from salaries or club membership fees. In return for an agreement that all employees or members join the scheme, insurers are prepared to ask only a few basic questions about the health of a person joining. However, with the advent of AIDS insurers are no longer prepared to waive all health enquiries, as they were some years...
group life assurance Quick reference
A Dictionary of Finance and Banking (6 ed.)
...life assurance A life-assurance policy that covers a number of people, usually a group of employees or the members of a particular club or association. Often a single policy is issued and premiums are deducted from salaries or club-membership fees. In return for an agreement that all employees or members join the scheme, insurers are prepared to ask only a few basic questions about the health of a person joining. However, with the advent of AIDS insurers are no longer prepared to waive all health...
mutual life-assurance company Quick reference
A Dictionary of Finance and Banking (6 ed.)
...life-assurance company A type of life-assurance company that grew out of the Friendly Societies; there are no shareholders and apart from benefits and running expenses there are no other withdrawals from the fund; thus any profits are distributed to...
Sun Life Assurance Company of Canada Reference library
Laurence B. Mussio
The Oxford Companion to Canadian History
...Life Assurance Company of Canada . The company began modestly in 1871 as a business venture floated by M. H. Gault and his Montreal syndicate. Despite fierce competition, it vaulted to prominence, first in the Canadian life insurance market in the first decade of the 1900s, then internationally in the ensuing two decades. Under the leadership of Robertson Macaulay and his son, Thomas Bassett (T. B.) Macaulay, Sun Life became one of the world's great life insurance companies, spanning the globe by 1929 . Heavy investments in US common stock in the 1920s...
Life Assurance and Unit Trust Regulatory Organization Quick reference
A Dictionary of Economics (5 ed.)
...Life Assurance and Unit Trust Regulatory Organization ( LAUTRO ) A UK self-regulating organization responsible for regulating organizations offering life assurance and unit trusts as principals. This function is now a responsibility of the Financial Conduct Authority...
Life Assurance and Unit Trust Regulatory Organization (UK) Reference library
The Handbook of International Financial Terms
... Assurance and Unit Trust Regulatory Organization ( LAUTRO ) (UK) . A self-regulating organization responsible for the conduct of practitioners in the life assurance and unit trust industries, and accountable for ensuring adherence to its rule book to the Securities and Investments Board . Now part of the Personal Investment Authority...
life assurance
mutual life-assurance company
