An insurance bond (or investment bond) is a single premium life assurance policy for the purposes of investment.
Due to tax laws they are a common form of investment in the UK and some offshore centres.
Traditionally insurance bonds were with-profits policies and were often called with-profit(s) bonds. Since the introduction of unitised insurance funds they have often been marketed as unit-linked bonds or investment bonds.
Read more about Insurance Bond: Why Invest in An Insurance Bond?, Range of Investment Funds
Famous quotes containing the words insurance and/or bond:
“The Republican convention, an event with the intellectual content of a Guns’n’Roses lyric attended by every ofay insurance broker in America who owns a pair of white shoes.”
—P.J. (Patrick Jake)
“Don’t go on a man’s bond in public, nor guarantee his debts in private.”
—Chinese proverb.