Unit-linked life insurance

Life policy in which profits depend on the performance of units in an invested fund. Part of the premium purchases guaranteed life cover but most is invested in a fund that invests in unitised funds. The policyholder’s investment is expressed in units of the underlying investment vehicle and their value can rise or fall. At maturity the policyholder receives the net value of all units purchased for him or the units themselves.

Leave a Reply

Your email address will not be published. Required fields are marked *