: Provides coverage for the entire lifetime of the insured, with no expiry date.
: If the insured survives the term, the policy usually expires without a payout or cash value. life insurance life assurance
Life insurance and life assurance differ primarily in their and certainty of payout . While both are contracts between a policyholder and an insurer to provide a sum of money to beneficiaries, they serve different financial needs: Life Insurance vs. Life Assurance Life Insurance (Term Insurance) : Provides coverage for the entire lifetime of
Types of Life Insurance Explained and How to Choose | Guardian life insurance life assurance