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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 MatchesIndex linked term assuranceIndex linked term assuranceTerm assurance in which premiums are increased in line with the retail price index and hence the sum assured is increased. Unit linkedUnit linkedSee: 'unit linked policy'. 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'. 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. Further SuggestionsEquity linked mortgageindex linked Equity linked policies Unit linked endowment unit linked whole of life assurance Credit linked security Equity linked Eurobonds unit linked endowment assurance |
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