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A B
C D
E F
G H I
J K L
M N
O P
Q R
S T
U V W X Y Z
Temporary
Absence
A period during which a member of a group insurance scheme can be away
from work and continue to be covered by the insurance.
Term
The period of time for which a policy or bond is issued.
Term Insurance
Provides a lump sum on the death of the life or lives assured during
a specified period of time (term). If no death occurs during the term,
then the policy will lapse, with no redemption value.
Terminal
Bonus
Additional bonus which may be paid when a claim arises under a with-profit
policy, either at maturity or on death of the policyholder.
Testate
A term signifying one who has made a valid Will.
Third
Party
Someone other than the policyholder or insurer who is involved in an
insurance claim.
Title
A legal right or document proving legal right.
Title
Deed
This is the legal document that not only identifies the owner of a property
but also other details about the property and the land it is built upon.
This will be kept by the lender until your borrowing and interest on
that borrowing has been repaid.
Total
Disability
Inability to undertake either occupational duties or aspects of normal
day to day life. In an insurance policy providing cover against this
contingency the definition applying to that contract is normally spelled
out in detail. The exact definition may vary considerably between policies.
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