Question

What do units represent in a unit-linked fund?

a.

Segments of the policy term

b.

Portions of the premium amount

c.

Parts of the underlying segregated unit linked fund representing the policyholder's entitlement

d.

Dividends paid to the policyholder

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Parts of the underlying segregated unit linked fund representing the policyholder's entitlement Explanation:Units represent a specific portion or part of the underlying segregated unit-linked fund, which is representative of the policyholder's entitlement in such funds.

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Q. What do units represent in a unit-linked fund?
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