Insurance
Agents- people working for the insurance company
Retail banking- jaepangandus
Sold direct- otsemüük- by telephone or on the internet. This can be cheaper than insurance
bought over the counter from a broker or an agent.
Life insurance- called assurance- a way to save for the future. Will pay an agreed sum to
someone else, for example you husband or wife, if you die before a certain age. You can buy a
policy that pays a certain sum of specific date, suhch as when you retire from work.
Tax shelters- (As with pension plans, live insurance policies are tax shelteris or a way to
postponing payment of tax. You don´t have to pay income tax on life insurance premiums.
A lump sum- a single, large amount of money paid out when an insurance policy matures- will
be taxable.
Insurance companies have to invest the money they recieve from premiums. Like pension
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