decreasing term assurance


decreasing term assurance
decreasing term assurance decreasing term assurance assurance

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decreasing term assurance UK US noun [U] (also decreasing term life assurance, decreasing term insurance)
INSURANCE a life insurance agreement in which the amount paid over a fixed period of time is low and remains the same, while the amount received on death becomes less each year: »

Alternatively, you could opt for decreasing term assurance, where the sum reduces over the term of the policy.


Financial and business terms. 2012.

Look at other dictionaries:

  • decreasing term assurance — A form of term assurance in which the amount to be paid in the event of the death of the life assured reduces with the passage of time. These policies are usually arranged in conjunction with a cash loan or mortgage and are designed to repay the… …   Big dictionary of business and management

  • term assurance — temporary assurance A life assurance policy that operates for a specified period of time. No benefit is paid if the insured person dies outside the period. This form of insurance is often used to cover the period of a loan, mortgage, etc. If the… …   Big dictionary of business and management

  • assurance — as‧sur‧ance [əˈʆʊərəns ǁ əˈʆʊr ] noun [uncountable] INSURANCE a type of insurance against something that is certain to happen, especially someone s death, as opposed to something that might happen such as an accident or a fire: • the Prudential… …   Financial and business terms

  • Term life insurance — or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client… …   Wikipedia

  • СРОЧНОЕ СТРАХОВАНИЕ ЖИЗНИ (ВРЕМЕННОЕ СТРАХОВАНИЕ ЖИЗНИ) — (term assurance, temporary assurance) Полис страхования жизни, который действителен в течение определенного периода времени. Страховая сумма не выплачивается, если владелец полиса умрет до начала этого периода или после его завершения. Такая фор …   Словарь бизнес-терминов

  • СТРАХОВАНИЕ ЖИЗНИ НА СРОК — (term assurance, temporary assurance) Полис страхования жизни, который обеспечивает выплату страховой суммы в случае смерти страхователя в течение определенного периода времени (срока). Страховая сумма не выплачивается, если владелец полиса умрет …   Финансовый словарь

  • СТРАХОВАНИЕ ЖИЗНИ НА СРОК С УМЕНЬШЕНИЕМ СТРАХОВЫХ ВЫПЛАТ — (decreasing term assurance) Форма страхования жизни на срок (cм.: срочное страхование (term assurance), при которой сумма, подлежащая выплате в случае смерти лица, чья жизнь застрахована (life assured), уменьшается с течением времени. Полисы… …   Словарь бизнес-терминов

  • СТРАХОВАНИЕ ЖИЗНИ НА СРОК С УМЕНЬШЕНИЕМ СТРАХОВЫХ ВЫПЛАТ — (decreasing term assurance) Форма страхования жизни на срок (term assurance), при которой сумма, подлежащая выплате в случае смерти лица, чья жизнь застрахована (life assured), уменьшается с течением времени. Полисы такого страхования обычно… …   Финансовый словарь

  • MDTA — Manpower Development And Training Act (Community » Law) **** Megadata Corporation (Business » NASDAQ Symbols) *** Miami Dade Transit Agency (Governmental » Transportation) * Mortgage Decreasing Term Assurance (Business » General) * Mississippi… …   Abbreviations dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium