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IIQE Paper 5 English Key Study Notes
Define unit-linked life/annuities. Unit-linked life/annuities:This is a common term used in the UK. The term unit-linked illustrates that the values of the policies are linked to the price of the units. Define variable life/annuities. Variable life/annuities:This is the common term used to describe investment-linked business in the US. The term “variable” illustrates that the returns vary with the …
