Insurances and Assurance

What is this?

Insurances are policies taken out to obtain financial compensation in the event of an unexpected occurrence. The financial compensation can normally be used to rectify or repair the damage. By the very nature of human life, it is not possible to INSURE against death; nor can any financial compensation rectify or repair the damage. For these reasons, policies designed to pay out on death are referred to as Life ASSURANCE policies.

Who is it for?

Insurance and Assurance policies are intended to ameliorate (or lessen) the impact of an unexpected event occurring. The financial compensation may provide the means for the beneficiary to pay off debts, to obtain long-term medical care, to purchase replacements for lost or stolen items, to rebuild a home or to continue to trade as a business. Almost everyone would benefit from the security offered by one or more insurance products.

Who is it not for?

Hardly anyone.