The Difference Between Life Insurance And Life Assurance
|Money : Insurance|
You may get confused seeing life insurance and life assurance used interchangeably.
And the answer is that they refer to ostensibly the same thing.
Life insurance is one of the less confusing insurance products, as it insures your life. In other words, it pays a sum of money on the death of whoever is insured by the life insurance policy.
It is particularly useful for someone who has a family or other dependents, as it can insure they have some sort of income if the person who is being depended on dies.
Questions about insurance: