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Unit 3 > LAA > Flashcards

LAA Flashcards

1
Q

Third party car insurance

A

Covers damage to other people

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2
Q

Fully comprehensive car insurance

A

Covers everyone

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3
Q

Difference between life assurance and insurance

A

Life assurance offers insurance cover for the whole of your life
Life insurance is a policy that is set for a certain period of time

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4
Q

One disadvantage for life insurance and assurance, travel insurance, pet insurance, health insurance

A

Pre-existing medical conditions may not be covered

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5
Q

What are financial institutions

A

Organisations offering financial services to individuals and businesses

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Unit 3 (11 decks)

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