Insurance Bond
An investment instrument that is offered by life insurance companies. The investment is provided in the form of a single premium life insurance policy. These bonds are often used as investments in the U.K. and other countries.
Also known as an "investment bond". Investopedia Says:
Insurance bonds are very simple investments that allow investors to save for the long term. Investors who hold their bonds for more than 10 years without making any withdrawals in that time are able to receive their earnings tax free. Related Terms:
Bond
Equity Risk Premium
Insurance
Life Insurance
Premium
Tax Shield |