🖌️ Life assurance agreement

About this category

A life assurance agreement is a contract between an insurance company and an individual in which the insurer agrees to pay a sum of money to the individual's beneficiaries upon the individual's death. The agreement may also cover the payment of benefits in the event of the individual's disability or illness.

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🖌️ Life assurance agreement


Life Assurance Clause (For An Employment Contract)

A life assurance clause is a provision in an employment contract that guarantees life insurance for an employee.

What to watch out for

  • The life assurance clause should be tailored to the specific needs of the employee.
  • The clause should be clear and concise, and should not contain any ambiguity.
  • The clause should be drafted in such a way as to ensure that the employee's life insurance coverage is not adversely affected by any future changes to the employment contract.
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