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url: /glossary/multi-fund-policy.md
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## Multi-Fund Policy

Premiums are invested either in a general account or in financial market–linked products (such as bonds, equities, mutual funds, SICAVs, or real estate), known as unit-linked investments (ULs).

The insurer guarantees not the value of these units, which fluctuates, but the number of units held.

Before offering investments in unit-linked products, it is essential to determine the investor’s profile and their risk tolerance.