Life Insurance


S

Sable

I have a life insurance plan that has an element of the money invested in a
with profits plan., Although the bulk of the money is used to provide life
cover, the balance is invested and acquires units. How can I set this up in
Money?

Thx

Sable

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G

Glyn Simpson, MVP

I would guess this is a life assurance plan, similar to a unit based
endowment. If you know the amount that is invested, then you can create a
split transaction - the first part is the life cover part and the second
part is a transfer transaction into the cash part of an investment account.

From that investment account you can buy units in the life insurance policy,
which is an investment that you set up (buy them using the price/date and
number of units you get on a statement).
 

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