Bonus that is added to a With-Profits investment during the course of the policy.
This refers to the portion of surplus distributed to with profit policyholders. They are declared annually and increase the value of the policy. It is usually expressed as a percentage of the sum insured. It can be either simple based purely in the sum insured or compound based on the sum insures plus previous bonus. Once allocated, the bonuses cannot be removed or reduced by the company.
Annual bonus allocated to the policy. Once allocated, it cannot be taken away.
Annually declared addition to With-Profits insurance policies.
A bonus added to the value of your With Profits policy each year.
A sum added to the sum insured under a with-profits life assurance, the sum becoming payable in full only when the policy matures or is terminated by death.
A bonus which is added to the policyholder's investment during the course of the policy.
Accrued bonuses, which are normally allocated to the policy, annually, towards the end of the year.
A bonus added to the sum assured under a with-profits life assurance contract, the sum being payable only when the policy matures or is terminated by death.
Bonus added to the benefit of a with profit policyholder throughout the life of the policy. The benefit is not guaranteed in advance, but once added to the benefit, it is guaranteed.