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G H I
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Q R
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Qualifying
Policy
A life insurance policy which has been certified by the Inland Revenue
as complying with the 'Qualifying Policy Regulations'. Proceeds on maturity
or death will not give rise to a tax charge.
Qualifying
Service
The period for which an employee must be employed by a company before
becoming eligible to join a group scheme. Also refers to the service
to be taken into account to entitle a member of a pension scheme to
'short service benefit'.
Quotation
The illustration provided to show the costs of insurance cover. The
quotation document forms the basis of a new contract or the renewal
of an existing one. It contains details of the conditions, benefits,
caveats and premiums for the policy.
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