THE ESSENTIALS
Before you start
- Units and euros are different quantities.
- The price date is part of understanding the balance.
- A stated balance and net exit value require separate checks.
What the two components represent
Novobanco dos Açores explains a unit-linked balance through units and prices of associated funds. Investment risk rests with the policyholder and capital loss is possible. That description does not identify your policy's options, dates or charges; consult the product documents.
An example with unchanged quantity and a different price
Fictional exercise: 1,000 units priced at EUR 1.05 produce EUR 1,050 arithmetically. If the same units have a EUR 0.95 price on another date, the result is EUR 950. Quantity stayed constant while valuation changed.
These invented prices are neither forecasts nor a historical series or instruction to trade. The exercise excludes tax and exit charges and does not establish that unit quantities in a real contract remain unchanged.
Reconcile movements before calling a change a return
List statement dates, units per fund, quoted prices and balances. Separately record contributions, withdrawals and fund changes shown by the documents. An increase following a contribution is not necessarily all investment growth.
With several funds, request a breakdown by option instead of multiplying all units by one price. Mark missing movements or mismatched dates and ask for clarification. Comparison is understandable only when inflows and outflows are known.
Before using the balance as an exit budget
Request the valuation timing for a surrender request, applicable charges and estimated net amount with its assumptions. An old statement price does not confirm a future transaction value.
RMACHADO can help gather life-financial-insurance information and clarify documents within its insurance-intermediation role. This statement-reading method recommends neither a product nor a transaction and does not replace assessment of demands, needs and applicable suitability.
KEEP THESE QUESTIONS
Your checklist for the next conversation
- Identify units and prices per fund.
- Check the statement valuation date.
- Separate cash movements from value changes.
- Request surrender terms and calculation assumptions.
FROM THE ARTICLE TO YOUR SITUATION
Let us discuss your situation
Tell us what you want to protect. We review your request and help compare relevant terms. Requesting a quotation does not activate insurance.
Sources and transparency
Content updated on .
Consultation dates are stated in individual references when available.
Numerical examples are fictional and explain concepts. Editorial interpretations are identified in the text.
Information from RMACHADO GROUP. This is not an insurance offer or individual advice. Covers, acceptance, exclusions, sums insured and costs depend on the policy. The intermediary does not underwrite the risks.