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What is Understanding With-Profits Bonuses about?

This document provides a general explanation of how bonuses are added to with-profits policies. There are typically two types of bonuses - annual bonuses which increase the guaranteed benefit each year and final bonuses which are paid out upon maturity of the policy and reflect its lifetime profits. Annual bonuses are not guaranteed to be added every year, while final bonuses are never guaranteed and are determined based on how the underlying value of the policy compares to its guaranteed benefits. Policyho

Author

Kimondo King

Language

EN