Association of International Life Offices
Representing the cross-border life industry
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Glossary

Not sure about a name or phrase used in our documentation or website? Or perhaps you’ve come across some financial terminology elsewhere that you’re not familiar with? Find out its meaning in our glossary below and if there is a word not in there you think needs adding please do contact us.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

S&P 500 index

America's S&P 500 index is among the Western world's most cyclical indices.

Settlor (UK-Specific)

The person who creates the trust.

Share options

Share options give you the right to buy (or to sell) shares in a given company at a previously set price regardless of the current market price.

Single Premiums

One-off premiums that are paid into an insurance policy.

Synthetics

A synthetic is a combination of financial instruments – often two, sometimes more – designed to mimic another single security.