Jargon Buster - Definition of Term Assurance

Please select your letter of choice below to see the list of terms:

Term Assurance

is a term often used to refer to a Term Life Insurance policy. Term Assurance policies offer a lump sum payout in the event of death within the specified term. Policies can be set on either a decreasing, level or increasing basis.

Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.

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