can anyone tell me the definition of term assurance.
what is the difference between term and whole life assurance
assurance is when you take out insurance and the thing what you are insuring will defiantly happen. e.g.: heath assurance to get a payment when you die (you know your defiantly going to die)
Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.