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Index linked |
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Index linkedThe coupling of salaries and pensions etc to the retail price index in order to make sure that the income from them keeps pace with inflation.Similar MatchesUnit linked whole of life assuranceUnit linked whole of life assuranceSee: 'whole life assurance'. Index linked family income assuranceIndex linked family income assuranceFamily income assurance in which the assured may, if he or she chooses, increase premiums in line with the retail price index and hence increase the sum assured. Principal Exchange Rated Linked Securities (PERLS)Principal Exchange Rated Linked Securities (PERLS)A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency. Unit linked policyUnit linked policyA life assurance policy in which a portion of the premium(1) is used to purchase life cover (the sum assured) with the balance invested in an authorised unit trust/trusts. The return on the policy is thus linked to the performance of the units in the unit trust. Unit linked policies include single premium bonds or investment bonds, unit linked endowment assurance and unit linked whole life assurance.A pension plan in which members' contributions are used to purchase units in an authorised unit trust. Equity linked policiesEquity linked policiesRelated: Variable life Further Suggestionsunit linked endowment assuranceunit linked life assurance Credit linked security Equity linked Eurobonds index linked term assurance unit linked Equity linked mortgage Unit linked endowment |
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