Financial Jargon Buster Dictionary
This glossary is provided for information only and is not regulated by the Financial Services Authority.
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Life Company
Life assurance is one of the oldest forms of insurance, but now comes in a variety of forms. Put simply, it is a contract between an insurance company (the Life Company) and individual(s), where the insurance company pays out, in return for premiums paid, if the insured person dies before the end of the contract.
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