Excuse my ignorance, but what are Unit Linked Guarantees?

Answer: Mark Hayhoe - Aegon Unit-linked guarantees are just what they say on the tin - guarantees within unit-linked products. Usually when an insurer is giving payout guarantees, such as a lifetime annuity, these are written in the insurer's general account and require the life assured to pay a specified lump sum or series of premiums in return for the future benefit. The premiums are retained and invested by the insurer and there is usually no possibility to change your mind later. What makes unit-linked guarantees so interesting is that they are options on well known unit-l...