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Unit linked policy |
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Unit 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.Similar MatchesUnit linked endowmentUnit linked endowmentYour monthly premiums are used to buy units in a fund or funds run by professional managers. Like unit trusts, the price of these units can go up and down, so the value of the endowment can constantly change. Unit linkedUnit linkedSee: 'unit linked policy'. Equity linked EurobondsEquity linked EurobondsA Eurobond including a convertibility option or warrant. 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. Unit linked life assuranceUnit linked life assuranceSee : 'unit linked policy'. Further SuggestionsEquity linked mortgageunit linked whole of life assurance index linked Equity linked policies unit linked endowment assurance index linked term assurance Principal Exchange Rated Linked Securities (PERLS) Credit linked security |
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