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ACAV

English translation: unit linked insurance

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:ACAV (assurance à capital variable)
English translation:unit linked insurance
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22:56 May 20, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: ACAV
Stock Exchange/ insurance
Justice Olsson
unit (unit trust) linked insurance
Explanation:
1 - assurance 1 / 1



unit trust linked assurance assurance à capital variable n. f.


2 - http://www.wmmercer.com/singapore/english/resource/resource_...

CPF-Approved Unit Trust and Investment-Linked Insurance Products (ILPs) Performance and Risk Monitoring Reports as at 31 December 1999 (4th Quarter 1999)

3 - http://www.moneyextra.com/glossary/gl00284.htm

Glossary: Unit linked insurance policies

Life insurance savings and pension policies can be divided into two categories.With-profits and unit linked. These two categories are simply different ways of adding value to policyholders. Savers in with-profits policies have the security of knowing that once bonuses have been added to their savings pot, they can't be taken away. Unit linked policyholders know that if the investment performance of the insurer is poor, they could find the value of their 'units' - their investment falling in value. In unit linked policies, the policyholder's premiums are used to buy units in a fund run by the insurer. The policyholder can usually choose from a range of investment funds covering a spread of investment markets but usually including a managed fund, an equities fund and a property fund.
Unit prices for life insurance funds change daily (in the same way that unit trust prices do). Both can be found quoted in the broadsheet newspapers including the Financial Times.
As with unit trusts, two prices are usually given. One is the offer price - at which the fund manager will sell units to you. And, there's the bid price - at which the fund manager will buy units from you. The differential between the two is typically between 5 and 7% - it's the way the fund manager makes his money !
The value of the policyholder's units is directly linked to the value of the underlying assets and so will fluctuate. While the long term trend may be for the units to grow in value, on a day to day basis, the value of the units can fall. While unit linked insurance policies subject savers to a little more volatility than with profits policies, they do offer some advantages. e.g. if you decide to surrender your policy, you will know with certainty what you'll receive - it'll be the 'offer price'.

4 - http://www.investorwords.com/u1.htm#uit

Unit Investment Trust (UIT)
An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors. also called fixed investment trust or participating trust or unit trust. see also municipal investment trust, investment trust, investment, trust, SPDR.

Selected response from:

Nikki Scott-Despaigne
Local time: 07:58
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
naunit (unit trust) linked insurance
Nikki Scott-Despaigne
navariable benefit planCarole Reade-Kentros


  

Answers


1 hr
variable benefit plan


Explanation:
ACAV = assurance à capital variable =
variable benefit plan

cf URL :
http://www.actuaries.ca/publications/lexicon/lextv.html


    Google search
Carole Reade-Kentros
Local time: 08:58
PRO pts in pair: 90
Login to enter a peer comment (or grade)

3 hrs
unit (unit trust) linked insurance


Explanation:
1 - assurance 1 / 1



unit trust linked assurance assurance à capital variable n. f.


2 - http://www.wmmercer.com/singapore/english/resource/resource_...

CPF-Approved Unit Trust and Investment-Linked Insurance Products (ILPs) Performance and Risk Monitoring Reports as at 31 December 1999 (4th Quarter 1999)

3 - http://www.moneyextra.com/glossary/gl00284.htm

Glossary: Unit linked insurance policies

Life insurance savings and pension policies can be divided into two categories.With-profits and unit linked. These two categories are simply different ways of adding value to policyholders. Savers in with-profits policies have the security of knowing that once bonuses have been added to their savings pot, they can't be taken away. Unit linked policyholders know that if the investment performance of the insurer is poor, they could find the value of their 'units' - their investment falling in value. In unit linked policies, the policyholder's premiums are used to buy units in a fund run by the insurer. The policyholder can usually choose from a range of investment funds covering a spread of investment markets but usually including a managed fund, an equities fund and a property fund.
Unit prices for life insurance funds change daily (in the same way that unit trust prices do). Both can be found quoted in the broadsheet newspapers including the Financial Times.
As with unit trusts, two prices are usually given. One is the offer price - at which the fund manager will sell units to you. And, there's the bid price - at which the fund manager will buy units from you. The differential between the two is typically between 5 and 7% - it's the way the fund manager makes his money !
The value of the policyholder's units is directly linked to the value of the underlying assets and so will fluctuate. While the long term trend may be for the units to grow in value, on a day to day basis, the value of the units can fall. While unit linked insurance policies subject savers to a little more volatility than with profits policies, they do offer some advantages. e.g. if you decide to surrender your policy, you will know with certainty what you'll receive - it'll be the 'offer price'.

4 - http://www.investorwords.com/u1.htm#uit

Unit Investment Trust (UIT)
An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors. also called fixed investment trust or participating trust or unit trust. see also municipal investment trust, investment trust, investment, trust, SPDR.




    www.granddictionnaire.com, www.moneyextra.com/glossary/gl00284.htm
    Reference: http://www.investorwords.com/u1.htm#uit
Nikki Scott-Despaigne
Local time: 07:58
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431
Login to enter a peer comment (or grade)




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