Insurance Glossary of Terms

Insured - The policyholder under the terms of an insurance company.

Benefits - the money paid to the insured when a claim is filed.

Offer Price - The price or the discounted value of their holdings of the device.

Bonus - refers to a policy for the win. The amount of money added to the benefit under the policy. The amount depends on the benefits of the insurance carried. Added bonus can not be removed.

Convertible Term Assurance - A term insurance that the possibility of converting the current policy of whole life or endowment offers no medical tests to take.

Critical illness insurance - A policy that pays a fixed amount, notified to the diagnosis of life threatening diseases in terms of the plan.

The decrease of the time - a form of life where the death benefit decreases each year with your policy. Premiums remain level. This type certificate is usually sold as mortgage insurance. No cash value policy.

Foundation Insurance - An insurance which pays a certain amount after a certain period or after the death of the insured, if within that period.

Family income benefit - Term insurance provides money to the lives of members to be protected for a certain period, instead of a lump sum payment.

Guaranteed Bond - A bond in which principal and interest guaranteed by an entity other than the issuer. Guaranteed Bonds can be income or growth.

The increase in time - the cover and the amount you pay in the policy are increased by a percentage each year in the original sum insured. Conceived as a way to live, to cover how you increase your income.

to an investment in bonds - Combines investment with some life cover. Payments you make to an insurance or investment bond, usually a lump sum invested in the insurance profits and unit-linked funds (Life Funds). Different types of loans are secured bond premium in units and bonds. Not with a company or government bonds, an investment that a fixed rate and an area where your chosen Life Funds may be invested confused offering.

Life Fund - This usually refers to Unit linked Investment Funds. These are funds managed by life insurance or pension funds. These funds are holders of life insurance used to finance assets, rather than divided into several units invest. If an investor LIFE fund units, investors are allocated in proportion to their investments.

Adulthood - a time for the purpose of an endowment policy and products, as agreed, including any premium payable.

Mutual - A life insurance company as part of its policyholders for the win.

Offer Price - The price of fund units purchased.

Premium - The amount of money paid in insurance.

Owner - A life insurance company that issues its profits to shareholders.

Rating Policy - A life insurance on the basis of savings plan, which must be amortized for a minimum 10 years and must meet certain criteria in order to ensure payment is the final tax policy.

Term - Term insurance for a new term be renewed without proof of insurability.

single premium policies - you pay a flat rate for insurance.

Insured - The amount of money that is guaranteed to be paid under an insurance bond before the integration.

Supply value of non - life insurance. The amount that a holder of an insurance policy is entitled to receive if he or she breaks cover

Term Insurance - Provides policyholder with protection only. of life insurance payable to a beneficiary if the insured dies within a certain number of years (term). If you live outside of the term you have received payment. This is probably the cheapest type of insurance.

Terminal Bonus - This is definitely a bonus, when death or duration of the paid VAT. Terminal bonus is often only paid if the policy is in effect for a minimum number of years, will take time. The amount depends on the benefits of the insurance carried.

With facades benefits fund element - although a unit linked to the merits of the known benefits. A type of life of the Fund in the UK and overseas equities, real estate, fixed income securities and may invest the money. If you invest in these funds by insurance, you buy 'units'. With an annual bonus is declared, you may receive more units or the unit price recorded on a daily basis. The addition of bonuses the unit price of the value of the underlying investments.

Unit Linked - Post also fronts. If your unit-linked insurance is something that money used to "services" to buy into a fund. The value of your policy at maturity is dependent on the growth of the fund, which invests in politics. Generally refers to strategies to protect and rescue, such as endowment insurance, life insurance and investment bonds.

Unit Linked Bond one-time bonus - a lump sum life insurance policy where your investment is spread over a number of Life Funds.

Whole Life Insurance - Whole life insurance provides a death benefit to the policyholder, as it accumulates cash value. The policy remains in force throughout the life insured, provided premiums are paid according to agreed. You can use the insurance in case of death pays a guaranteed sum only choose the amount invested, the more bonuses that are added, or the sum plus additional benefits for the Growth Fund

Profit - When a policy maturity or the insured dies into account the amount paid to the basic guaranteed amount. They would not be eligible bonds.

With the win - refers to securities that combine investment with protection. This type of policy is entitled to a share in the profits of the insurance company. Premiums are invested in funds with profits bonds are usually reversible once a year, called for the investment reflects the growth in fund assets. One death and / or maturity plus a terminal bonus may be applied to the value of the fund.

With the advantages of Bond - An insurance policy where you suddenly in most cases invested in the car with the profits of the Fund (as mentioned in the Life Funds section).