Pensions Example 20

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Terms and Conditions in Using this Website


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Unit Linking

In the conventional bonus systems we have been looking at, the sum assured plays the central role in surplus distribution, which is achieved by additions to the sum assured. Since this sum is payable on maturity or earlier death, this does place certain investment constraints on the company, which must always keep a watchful eye on mortality statistics and expenses at the same time as managing its investments. In the late 1990s, a number of people discovered that it was possible to detach investment from the protection inherent in the conventional with-profit policy through the use of unit linking.... see: Unit Linking

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