What does unbundling of life insurance products refers to?

A Correlation of life insurance products with bonds
B Correlation of life insurance products with equities
C Amalgamation of protection and savings element
D Separation of the protection and savings element

Correct Answer: Separation of the protection and savings element

Unbundling of life insurance products refers to separation of the protection and savings element. A unbundled life insurance policy contains a savings and investment component that the policyholder can use during his or her lifetime or pass on to beneficiaries.
Bissoy MCQ
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