fondsgebundene Lebensversicherung
English translation: variable life insurance (AE)/unit-linked [or: fund-linked] life insurance (BE)
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 11:26 May 6, 2005 |
| German to English translations [PRO] Bus/Financial - Insurance / life insurance | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Oliver Giesser United States Local time: 23:44 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 5 +4 | variable life insurance |
| ||
| 4 | fund-linked life insurance |
|
| Discussion entries: 1 | |
|---|---|
Answers
4 mins confidence: 
fund-linked life insurance Explanation: "Fund-linked life insurance A life insurance policy which helps investors to accumulate capital by combining insurance cover with investment in mutual funds. Policies are available in various currencies. Fund-linked insurance allows policyholders to benefit from the performance of the funds they choose. Since the value of the securities in the funds' portfolios can fall as well as rise, there is a risk of the investments declining in value. There is thus no guarantee of a specific sum being paid out in the policy currency upon maturity. The death benefit is, however, guaranteed. " Reference: http://lu.csam.com/eu/definitions_glossary/glossary.asp?Topi... |
| |
| Login to enter a peer comment (or grade) | ||
9 mins confidence: peer agreement (net): +4
peer agreement (net): +4variable life insurance Explanation: Other common terms: share-linked life insurance (US) equity-linked life insurance unit-linked life insurance (GB) HTH -------------------------------------------------- Note added at 10 mins (2005-05-06 11:36:47 GMT) -------------------------------------------------- How variable life insurance works Permanent life insurance with the freedom to control your investment portfolio is called variable life insurance. Generally, variable life insurance is the most expensive type of cash value insurance. This is because unlike whole life insurance, variable life insurance gives you complete control over your investments - be they stocks, bonds, or money market funds. The number of times you can change and update you investment portfolio is usually unlimited, although this is something you will need to confirm with your insurance company . Because many of the benefits of variable life insurance are wholly dependant on your ability to invest successfully, you should be absolutely certain that you understand all implications before purchasing this type of policy. |
| |