life assurance
Mortality payout policy
Life assurance is the British term for life insurance—a contract where an insurer pays beneficiaries upon the policyholder's death in exchange for regular premiums.
The word *assurance* reflects that death is certain, unlike other insured events that are merely possible.
He took out a life assurance policy when his daughter was born.
Permanent donated fund
- policyAdopted principle of action
- coverageExtent of inclusion
- death benefitPayment upon policyholder's passing
- ridersThose who mount animals
annuity · premiums · underwriting · policyholder · insurer · beneficiary · actuary · claims
Accumulated money kept
- returnsProfits from investments
- dividendsProfits paid to shareholders
- bonusesAdded compensation beyond wages
- cash valueConvertible monetary worth
maturity · growth · capital · wealth · portfolio · funds · pension · retirement
State without anxiety
- stabilityResistance to displacement
- comfortEase or soothing relief
- safety netProtection against failure
- guaranteeFormal promise of fulfillment
certainty · provision · safeguard · future planning · financial protection · solvency · reinsurance
People financially supported
- income replacementFunds covering lost earnings
- inheritanceProperty received from ancestors
- legacyWhat's passed down
- estateProperty and grounds
endowment
Permanent donated fund
- policyAdopted principle of action
- coverageExtent of inclusion
- death benefitPayment upon policyholder's passing
riders · annuity · premiums · underwriting · policyholder · insurer · beneficiary · actuary · claims · lapse
savings
Accumulated money kept
- returnsProfits from investments
- dividendsProfits paid to shareholders
- bonusesAdded compensation beyond wages
cash value · maturity · growth · capital · wealth · portfolio · funds · pension · retirement · financial planning
peace of mind
State without anxiety
- stabilityResistance to displacement
- comfortEase or soothing relief
- safety netProtection against failure
guarantee · certainty · provision · safeguard · future planning · financial protection · solvency · reinsurance
dependents
People financially supported
- income replacementFunds covering lost earnings
- inheritanceProperty received from ancestors
- legacyWhat's passed down
estate · spouse · survivors · breadwinner · contingency
- life insurancebeneficiary, premium, death benefit, premiums, coverage
- insuranceinsurance, coverage, auto insurance, home insurance, underwriting
life, assurance, lives, living, lively, liveliness, lifelong, lifeless, lifetime