magnifying glass with text zombie funds.a zombie fund (more formally known as a closed fund) is a colloquial expression

zombie fund closed withprofits legacy portfolio life insurance business matured nonactive discontinued policies existing policyholders policyholder obligations endowment participating reserves liabilities investment returns benefits payouts contracts guarantees company financial management actuarial calculations bonus payments surplus distribution performance industry risk capital preservation strategy markets asset allocation mitigation payout annuities longterm products equity guaranteed protections book servicing policy administration assets opportunities magnifying glass text funds formally colloquial expression -profits funds a