Assurance

Assurance
Coverage of an event that is certain to happen. Assurance is similar to insurance (and sometimes the terms are interchangeable) except that insurance protects policyholders from events that might happen.

For example, a person can choose to purchase life assurance or term life insurance. (Note in the U.K. "life assurance" is another term for "life insurance".) The event in question is the death of the person the policy covers. Since the death of this person is certain, a life assurance policy results in payment to the beneficiary when the policyholder dies. A term life insurance policy, however, will cover a set period of time, such as 30 years, from the time the policy was bought. If the policyholder dies during that time, the beneficiary receives money, but if the policyholder dies after the 30 years, no money is received. The assurance policy covers an event that will happen no matter what, while the insurance policy covers a event that might happen (the policyholder might die within the next 30 years).


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую
Synonyms:

Look at other dictionaries:

  • ASSURANCE — L’assurance est une opération par laquelle une partie – l’assuré – se fait promettre, moyennant un paiement – la prime ou cotisation –, une prestation par une autre partie – l’assureur – en cas de réalisation du risque. Telle est la définition… …   Encyclopédie Universelle

  • 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

  • assurance — ASSURANCE. s. f. Certitude. On ne peut plus douter de cette nouvelle, on en a une entière assurance. Vous n avez qu à partir, avec assurance que je vous suivrai de près. Prenez cette étoffe avec assurance, en assurance, elle est fort bonne. f♛/b] …   Dictionnaire de l'Académie Française 1798

  • Assurance — As*sur ance, n. [OE. assuraunce, F. assurance, fr. assurer. See {Assure}.] 1. The act of assuring; a declaration tending to inspire full confidence; that which is designed to give confidence. [1913 Webster] Whereof he hath given assurance unto… …   The Collaborative International Dictionary of English

  • assurance — as·sur·ance n 1 a: the act of assuring b: guarantee (3) 2: the act of conveying real property; also: the document by which it is conveyed 3 chiefly Brit …   Law dictionary

  • Assurance — * Assurance (accounting)* Assurance (quality), Quality Assurance* Assurance (theology)* HMS Assurance, admiralty ship sunk off the needles in 1753 …   Wikipedia

  • assurance — late 14c., formal or solemn pledge, promise, also certainty, from O.Fr. asseurance (11c., Mod.Fr. assurance) assurance, promise; truce; certainty, safety, security, from asseurer (see ASSURE (Cf. assure)). The word had a negative tinge 18c.,… …   Etymology dictionary

  • assurance — ► NOUN 1) a positive declaration intended to give confidence. 2) confidence or certainty in one s own abilities. 3) chiefly Brit. life insurance. USAGE In the context of life insurance, a technical distinction is made between assurance and… …   English terms dictionary

  • assurance — 1 certitude, *certainty, conviction Analogous words: *belief, faith, credence, credit: *trust, confidence, reliance, dependence: positiveness, sureness, cocksureness (see corresponding adjectives at SURE) Antonyms: mistrust: dubiousness… …   New Dictionary of Synonyms

  • assurance — [n1] statement to relieve doubt affirmation, assertion, declaration, guarantee, insurance, lock*, lock on*, oath, pledge, profession, promise, rain or shine*, security, shoo in*, support, sure thing*, vow, warrant, warranty, word, word of honor;… …   New thesaurus

  • Assurance — (fr., spr. Assürangs), 1) Sicherstellung, Versicherung, s. Assecuranz; daher Assureur (spr. Assürör), so v.w. Assecurateur; 2) Zuversicht, Dreistigkeit …   Pierer's Universal-Lexikon

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”