It is the excess revenue income over revenue expenditure for an insurance company.
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Some reasons why people might purchase life assurance from Barclays Bank are: Barclays will cover final expenses cost up to 500,00 Euro, they will also arrange the mortgage to be paid off and for the repayment to be reduced and they will fund your children's education etc.
Mega Life bought First Life Assurance Company.
Life insurance companies invest their life fund in Government fund, shares in First Class companies of repute,as per advice of their Fund Investment Advisors.
The terms are interchangeable.
no , taken over by Tower Assurance then rebranded as Eurolife