Equity-linked life policies

Life insurance policies combining life insurance with investment in equities, i.e. ordinary shares. Life insurance is linked to equity investment either through an established unit trust or unitised fund administered by the life office itself. Usually a large part of the premium is invested in the unit trust or equity portfolio, the balance provides life cover, usually term insurance.

Equivalency review

Process that Centers for Medicare and Medicaid Services (CMS) employs to compare an accreditation organization’s standards, processes, and enforcement activities to the comparable CMS requirements, processes, and enforcement activities.