Sentence examples for insurance wrapper from inspiring English sources
That's because the insurance "wrapper" effectively lets the bond issuers piggyback on the rating of the insurers.
As with any other security, the value of the bonds shifts with market conditions, but if a shareholder sold after the bonds' prices fell, the insurance wrapper agreement would make up the difference.
The stiff cost of an annuity's insurance wrapper is ostensibly justified by the coverage.
These are baskets of mutual funds clad in a scanty life insurance wrapper that bestows on them a tax deferral.
The fund is distinguished from a typical intermediate-duration portfolio by the insurance wrappers.
"These funds, because of the insurance wrappers, are completely insensitive to interest rates," said Eric M. Jacobson, a senior bond fund analyst at Morningstar Inc.
Under the new standard, insurance wrappers will have to be reported if they have a "cash value" to the holder (if, say, he can withdraw funds from the policy or pledge it as collateral).
But they have been doing a great job keeping others off their home turf.Insurance companies, too, have responded to the mutual-fund threat by developing their own retail funds, usually packaged in a life-insurance wrapper.
They add insurance guarantees, known as wrappers, to try to fix the funds' share price, or net asset value, at $10, which preserves both capital and accumulated income.
Sharing the responsibility of her college tuition, Malia worked various jobs as a nurse's aid, gift wrapper and making cold calls for an insurance salesperson.
