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:
“Women hock their jewels and their husbands’ insurance policies to acquire an unaccustomed shade in hair or crêpe de chine. Why then is it that when anyone commits anything novel in the arts he should be always greeted by this same peevish howl of pain and surprise? One is led to suspect that the interest people show in these much talked of commodities, painting, music, and writing, cannot be very deep or very genuine when they so wince under an unexpected impact.”
—John Dos Passos (1896–1970)
“When the bond of love broke,
the respect born of affection withered,
good feelings fled,
and that man walked before me
like any other,
Good Friend,
I imagine all this,
think on days gone by
and wonder why
my heart hasn’t cracked
into a hundred bits.”
—Amaru (c. seventh century A.D.)