Life Insurance Products

This chapter illustrates the main life insurance products. Different types of cover have been divided into four macro-categories, based on the individual’s needs, and the characteristics of each are described: A special section describes the insurance products for professional investors, such as Portfolio bonds (or wrapper products), Reverse Mortgage (or Equity release), impaired life annuity (or enhanced annuity), preferred lives, Longevity bonds, Constant Proportion Protection Insurance (CPPI). Finally, the classifications of PRIIPs insurance products and IBIPs are illustrated.