// definition
Unit-linked option
Investment-linked life insurance benefit
Short definition
A life insurance obligation expressed in units whose euro value tracks a financial or property investment. The insurer commits to a number of units, which policy charges can reduce; the policyholder bears changes in unit value, subject to any additional contractual guarantees. The policy surrender timetable and the underlying fund’s liquidity are separate questions.
risk atlas
Knowledge map
Related analyses
Primary sources
- ABE InfoserviceUnit-linked commitments and capital-loss risk. French source.
- Spirica, Linxea Spirit 2 policy terms, 1 September 2026Section 12.2, printed p. 15 / PDF 16; table, printed p. 18 / PDF 19: policy charges deducted by reducing the number of units. French source.