Search results
Results from the WOW.Com Content Network
Up to 1984 qualifying insurance contracts (including endowment policies) received tax relief on the premiums known as life assurance premium relief (LAPR). This gave a tax advantage for endowment mortgages over repayment mortgages, until the tax relief was ended in the March 1984 budget. [ 1 ]
A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code (for example, 401(k) plans).
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
A mortgage preapproval is a letter or written statement specifying your maximum loan amount and the lender’s commitment to fund the loan if your financial situation remains unchanged.
The opening lead is the first card played in the playing phase of a contract bridge deal. The defender sitting to the left (LHO) of the declarer is the one who makes the opening lead. The defender sitting to the left (LHO) of the declarer is the one who makes the opening lead.
Hire purchase contracts; Acceptance credits and all other documents of title relating to the movement of goods; Bills of exchange, commercial paper, promissory notes and all other kinds of negotiable or transferable instruments; Certain types of carbon offsets; Contracts for insurance and contracts for reinsurance
The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract.
These objections are a chance to explain the value of the product or service to try to qualify the prospect and close the sale. [2] Sales prospecting is the process to reach out to a potential customer. It is the first part of a sales process. After this step, the lead qualification, follow-up and sales activity start.