For instance, if a 70-year-old with no immediate liabilities buys a unit-linked policy
it would certainly not be wise.
MANAMA: After receiving a positive response for the unit-linked insurance plan (Ulip) Fortune Builder, LIC (International) yesterday launched its new unit-linked policy
However, my unit-linked policy
is now worth only pounds 3,394compared to pounds 4,081last year.
And Robert Williamson, 35, from Nantwich, Cheshire, is due about pounds 8,000after being sold a unit-linked policy
14 years ago with the promise that it would pay off pounds 25,000 of his mortgage.
With a UNIT-LINKED policy
your monthly instalments buy units (like shares) in the life fund.
Distinguishing mark of a unit-linked policy
is that the benefits depend upon the value of a unit, it differs from conventional forms of policy in the transparency of its structure.
In 2007, on the advice of his agent, he invested Rs 50,000 in a single-premium unit-linked policy
of SBI Life called Unit Plus II.