Wrapper Insurance full or partial Investment Linked Policies underlying Unit Linked Policies investments Investment Linked Assurance under control of Schemes the customer may have a high limit for funds held offers the ability higher/moderately Products designed for High to hold funds high risk compared Net Worth (HNW) persons with other life or products for individual only with high insurance products generally with guaranteed for funds returns held underlying Example of product names: HNW Individual Life investments Insurance managed by the Traditional Whole Life insurer offers the ability moderate risk Product that pays a periodic to hold funds compared with other income benefit for the life of life insurance a person may have a high products limit for funds Example of product name: held Fixed and Variable Annuities accumulation period followed by a liquidation period underlying investments managed by the insurer Product designed to provide may offer the moderate risk endowments for an ability to hold compared with other individual or an institution funds life insurance products underlying Example of product name: investments Endowments managed by the insurer typically used for lower risk compared Product subscribed by a retirement with other life company to pay a periodic savings insurance products income benefit for the life of employees generally subscribed by a company in Example of product name:
Wrapper Insurance Investment Linked Policies Unit Linked Policies Investment Linked Assurance Schemes full or partial underlying investments under control of the customer may have a high limit for funds held Products designed for High Net Worth (HNW) persons or products for individual generally with guaranteed returns Example of product names: HNW Individual Life Insurance Traditional Whole Life offers the ability to hold funds only with high for funds held underlying investments managed by the insurer higher/moderately high risk compared with other life insurance products Product that pays a periodic income benefit for the life of a person Example of product name: Fixed and Variable Annuities offers the ability to hold funds may have a high limit for funds held accumulation period followed by a liquidation period underlying investments managed by the insurer moderate risk compared with other life insurance products Product designed to provide endowments for an individual or an institution Example of product name: Endowments may offer the ability to hold funds underlying investments managed by the insurer moderate risk compared with other life insurance products Product subscribed by a company to pay a periodic income benefit for the life of employees Example of product name: typically used for retirement savings generally subscribed by a company in lower risk compared with other life insurance products
Draft%20RBA%20Guidance%20Life%20Insurance%20for%20private%20sector%20consultation.docx