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Bonus issue |
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Bonus issueSee: 'scrip issue'.Similar MatchesTerminal bonusTerminal bonusAn additional bonus paid to reflect the overall performance of a with profits life assurance policy at maturity or prior death of the life assured. See 'reversionary bonus'. Reversionary bonusReversionary bonusA bonus added to the sum assured (or basic sum assured) of a with profits life assurance policy out of a life company's surplus profits usually on an annual basis. These bonuses are payable at the end of the term of the policy (that is, at maturity), or on prior death of the life assured. Once allocated, their values are guaranteed provided premiums are paid up to maturity or death.The values of such bonuses are usually related to the sum assured and can be either simple reversionary bonuses (related to the sum assured only) or compound reversionary bonuses (related to the sum assured plus bonuses to date). Reversionary bonuses may sometimes be taken in cash at the time they are declared but the values will be significantly lower compared with leaving them until maturity. Revisionary bonusRevisionary bonusA bonus paid annually on an endowment mortgage which is dependent on the performance of the investment fund you are using to repay your mortgage. Annual bonusAnnual bonusA bonus paid annually on an endowment mortgage which is dependent on the performance of the investment fund you are using to repay your mortgage. Interim bonusInterim bonusA bonus declared by life companies when maturity of a with profits policy or death of the assured occurs between normal bonus declaration dates. Further SuggestionsNo Bonus ClauseTerminal bonus Loyalty bonus children's bonus bond Bon voyage bonus Bonuses no claim bonus compound reversionary bonus special bonus bonus Stock bonus plan annual bonus simple reversionary bonus |
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