What Is the Difference between Insurance and Assurance?

Answer

Insurance refers to defence against an occurrence that might happen while assurance refers to protection against an occurrence that will take place. Insurance is taken to avert a risk or to provide cover against a risk while assurance is taken against an event that must happen.
Q&A Related to "What Is the Difference between Insurance and..."
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable
http://answers.yahoo.com/question/index?qid=100601...
Term life insurance provides life insurance death benefit protection with contracts that generally do not exceed 30 years. Within the term life category, straight whole life insurance
http://www.ehow.com/about_7253566_difference-life-...
Because very few assets last forever, one of the main principles of. accrual accounting. requires that an asset's cost be proportionally expensed based on the time period over which
http://www.investopedia.com/ask/answers/06/amortiz...
What is the difference between a copyright and a trademark? Copyrights and trademarks both offer formal legal protections for intellectual properties, but they don't protect the same
http://www.life123.com/career-money/business-law/t...
2 Additional Answers
The term insurance refers to providing cover for an event that might happen while assurance is the provision of cover for an event that is certain to happen.
The difference between insurance and assurance is that insurance refers to giving cover for specified loss such as illness or death while assurance is a positive declaration intended to give confidence also said to be a promise.
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2015 Ask.com