quite confused about how this unit-linked SACI product works.
If the morbidity fee (morbidity charge times difference between sum assured and bid value of units) is what’s being used to fund the sum assured benefit, then... what is the unit fund for? Is this a savings vehicle for the policyholder in addition to the CI benefit?
And I really don’t understand the examiners report in part vi - don’t even know where to begin / or what questions to ask haha
Last edited by a moderator: Sep 11, 2018