Question

What are Non-linked or linked Whole Life products?

a.

Products with definite policy terms terminated upon death of the life assured

b.

Products offering a guaranteed sum on maturity of the policy

c.

Products with no fixed policy term terminating only upon death of the life assured

d.

Products linked to market indices providing flexible investment options

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Products with no fixed policy term terminating only upon death of the life assured Explanation:Non-linked or linked Whole Life products refer to insurance products without a definite policy term, terminating only upon the death of the life assured.

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Q. What are Non-linked or linked Whole Life products?
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