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THEUNIT-LINKEDINSURANCE- A FORMOF LONG TERMECONOMIZING IN THECONTEXT OF GLOBALCRISIS

Mirela Monea

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 251-258

Abstract: Today, when nothing can be imagined without the insurance system, as any house, car, or credit or new life automatically involves an insurance policy, on grounds of modern thinking naturally based on the sense of prevention, education, perspective thinking and even on instinct. Taking into account the crisis we are going through, the question arises whether a unit-linked insurance policy is a good investment. If we pursue pure, immediate profitability, we can choose another investment, as the primary function of insurance is not of investment, but of protection. Unit linked is a new product that preserves its modern character on the level of global insurance, offering protection by insurance and, at the same time, the possibility to invest, thus being considered a form of economizing in times of crisis.

Keywords: insurance; investment; protection; units; risk; financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G11 G22 (search for similar items in EconPapers)
Date: 2011
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