What does Asset Allocation mean? Read on to discover the definition & meaning of the term Asset Allocation - to help you better understand the language used in insurance policies.
Asset allocation is the process of investing based on an individual's specific needs. In other words, it involves customizing investments to the person based on their age, risk tolerance, plans for the future, and other similar factors. In the context of insurance, many life insurance companies use asset allocation to help their policyholders find suitable investments.
We hope the you have a better understanding of the meaning of Asset Allocation.