Question

What distinguishes Unit Linked Contracts from traditional life insurance products?

a.

Benefits are directly linked to the value of underlying investments

b.

Benefits are fixed and do not depend on market performance

c.

Benefits decrease over time

d.

Premiums are not paid for a term dependent on human life

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Benefits are directly linked to the value of underlying investments Explanation:Unit Linked Contracts have benefits that are directly linked to the value of the underlying investments, unlike traditional life insurance products.

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Q. What distinguishes Unit Linked Contracts from traditional life insurance products?
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