Assurance

Filed Under »
Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Assurance'

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).
Search results for

'Assurance'

  • Layoff Protection Plans: Good Deal Or Gimmick?

    http://www.investopedia.com/articles/pf/09/layoff-protection-plans.asp
    ... (For more, read The Impact Of Recession On Business.) 2009: The Year of Car Assurance
    Programs Perhaps one of the best ways to get a feel for what major ...

  • Solar Uncertainty Provides Buying Opportunity

    http://stocks.investopedia.com/stock-analysis/2011/Solar-Uncertainty-Provides-Buying-Opportunity-STRI-BRDCY-SOA-DOW-GLW-DD0727.aspx
    ... A Tale of Two Segments STR Holdings also has a quality assurance unit, which got
    its start in 1973, at least five years prior to the creation of the solar ...

  • Examining A Career As An Auditor

    http://www.investopedia.com/articles/financial-careers/08/career-auditor-auditing.asp
    ... Constraints in resources (hiring internal or external auditors can be expensive)
    necessitate that an audit provide only reasonable assurance that statements ...

  • Fatal Seduction Of The Municipal Bond Insurers

    http://www.investopedia.com/articles/bonds/08/municipal-bond-insurance.asp
    ... of Milwaukee formed a subsidiary called American Municipal Bond Assurance Corporation
    (NYSE:ABK) expressly for the purpose of providing financial guaranties to ...

  • 8 Reasons M&A Deals Fall Through

    http://www.investopedia.com/articles/stocks/09/eight-ma-mistakes.asp
    ... Additionally, management can proactively communicate with its customers and employees -
    when appropriate - to provide assurance that the deal strengthens the ...

  • How To Find The Right Tax Preparer - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/How-To-Find-The-Right-Tax-Preparer.aspx
    ... and interest. Choosing an experienced professional gives you some assurance
    that your return will be prepared the right way. Here ...

  • Citigroup’s Tepid Recovery

    http://stocks.investopedia.com/stock-analysis/2012/Citigroups-Tepid-Recovery-JPM-C-FITB-USB-PNC0120.aspx
    Investors will need some assurance that Citigroup is capable of
    consistently growing earnings and overall profit. ...

  • The Transatlantic Holdings Merger Timeline

    http://stocks.investopedia.com/stock-analysis/2011/The-Transatlantic-Holdings-Merger-Timeline-TRH-AWH-AIG-BRK.A-BRK.B-VR0907.aspx
    ... Merger Developments After nearly five months of negotiations, on June 12 Transatlantic
    announced a merger agreement with Allied World Assurance (NYSE:AWH). ...

  • A History Of Wall Street Profitability

    http://www.investopedia.com/articles/stocks/12/history-wall-street-profitability.asp
    ... Whatever price increases a stock has posted throughout its market history, there
    is no assurance that the increase will be sustained over time, or that the ...

  • Top Job-Search Mistakes For Finance Grads

    http://www.investopedia.com/articles/financial-careers/08/job-search-mistakes.asp
    ... If your potential employer is prepared to invest in your career development, the
    company will need some assurance that you are passionate about finance and ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links