Dead peasant insurance is where it is at.
If you worked for Walmart they wwould take out a life insurance policy for you. Only you would not get the payout, they were betting on your death. Sort of.
Dead Peasant Insurance : snopes.com
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Reply to: Life insurance
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Previously on "Life insurance"
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Originally posted by darmstadt View PostIs you sure? Insurance is for something that might happen whereas assurance is for something that is certain to happen. This means you could get life insurance against your death due to an accident whereas you would get life assurance because you know you're going to die. In most countries, apart from the UK and it's territories it tends to be called insurance, i.e. Lebensversicherung
'Term insurance' is the proper name for a policy that remains active after the term is serviced. i.e. your death.
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Originally posted by scooterscot View PostThere's no such thing as life insurance. Life assurance maybe...
What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
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Legal & General - Putting your policy in trust
Originally posted by VillageContractor View PostHi,
Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.
VC
I am assuming you are looking at this from a point of iht planning so some advice may be sensible.
one providers info which may help is linked above.
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Also beware an IFA who tries to sells a product attached to another. You're only after one product.
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Originally posted by scooterscot View PostThere's no such thing as life insurance. Life assurance maybe...
What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
Leave a comment:
-
There's no such thing as life insurance. Life assurance maybe...
What you're looking for is called 'term insurance', something that pays out should something happen to the bread winner?
Leave a comment:
-
Originally posted by VillageContractor View PostHi,
Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.
VC
Leave a comment:
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Life insurance
Hi,
Does anyone have life insurance for them and other half? I'm looking into getting individual policies for my wife and I and wanted to know if we would be able to put the policies into a trust half way the policy.
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