How often are unit linked endowment policies reviewed?

How often are unit linked endowment policies reviewed?

• A. On the 10th year, 15th year and 20th year
• B. Every year
• C. Only at inception
• D. On retirement

Answer: (A)

In a unit linked endowment policy, the investment is tied to funds and the insurer schedules formal checks at key points in the term to ensure progress toward the targeted maturity value. These reviews occur at the 10th year, the 15th year, and the 20th year. The idea is to assess how the investment is performing relative to the plan, check that charges and terms are still appropriate, and decide if any adjustments—such as switching funds or changing premium input—are needed as you approach maturity. They aren’t done every year because the goal is to monitor long‑term progress at meaningful milestones rather than react to short-term market movements, and they aren’t only at inception or only at retirement since ongoing mid-term review helps keep the plan on track.

In a unit linked endowment policy, the investment is tied to funds and the insurer schedules formal checks at key points in the term to ensure progress toward the targeted maturity value. These reviews occur at the 10th year, the 15th year, and the 20th year. The idea is to assess how the investment is performing relative to the plan, check that charges and terms are still appropriate, and decide if any adjustments—such as switching funds or changing premium input—are needed as you approach maturity. They aren’t done every year because the goal is to monitor long‑term progress at meaningful milestones rather than react to short-term market movements, and they aren’t only at inception or only at retirement since ongoing mid-term review helps keep the plan on track.