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UNIT LINKED POLICY
What is a unit linked policy ?
This is a way of offering investors policies with values directly linked to investment performance. This is usually done by formally linking the value of the policy to units in a special unitized fund run by Albatross. The values of the units directly reflect the values of the underlying assets of the fund and fluctuate according to the performance of those investments.

What is the trend ?
The world-wide trend has been away from the conventional form of life insurance to the unit linked policy. The reason for this move has been to give the policyholder more flexibility. The Albatross Insurance Company is proud of it's unit linked product which has done well on the local market.

How does a unit linked policy work ?
A unit linked account works something like a bank account, with the advantage that the investor is able to invest in a variety of investment vehicles.
The Albatross Insurance Company invest your money on your behalf along with the money of many other policyholders. This enables us to negotiate good deals. However not all of the policyholders' money is invested in the unit account for the following reasons :
1. 100% of the first year's premiums and 10% of all subsequent premiums are used to meet expenses;
2. for policies with life cover or other options, a portion of the premium is used to purchase that cover.

BUT REMEMBER !
It should be remembered that the unit account in your policy over the first few years will be quite low, this is as a result of the zero percent allocation during the first year. However, as your policy matures, the value of your policy should increase substantially. This is illustrated by the estimated maturity values shown at assumed future rates of return (net of management fees) of 9% and 12%.
If the investment returns of this portfolio were to be higher than 12%, the final maturity value would be better than that shown; similarly, if the returns are below 12% then your final maturity value would be lower.
However, your maturity value will never be lower than the guaranteed maturity value of 4.5% per annum.

OUR ADVICE
We would strongly discourage policyholders from surrendering their policy as returns on surrendered life insurance policies are always poor.
Moreover the Unit Linked Policies are replacing the conventional life assurance policies which gives you less flexibility. Do not worry! Our financial advisers will be pleased to guide you through all the process of catering for your financial needs as our purpose at Albatross Insurance Company is to find a SOLUTION to YOUR PROBLEM.
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