Question

What is the most common type of bonus in life insurance that is received only at the time of a claim by death or maturity?

a.

Simple Reversionary Bonus

b.

Compound Bonus

c.

Terminal Bonus

d.

Annual Bonus

Answer: (a).Simple Reversionary Bonus Explanation:The most common type of bonus in life insurance received only at the time of a claim by death or maturity is the Simple Reversionary Bonus.

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Q. What is the most common type of bonus in life insurance that is received only at the time of a claim by death or maturity?

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