Question
a.
A bonus that attaches to the policy upon purchase
b.
A bonus paid annually to policyholders
c.
A bonus that attaches to the contract only at the time of its termination (by death or maturity)
d.
A bonus awarded to policyholders who have never made a claim
Posted under IC38 Life Insurance Agent Exam
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Q. What is a "Terminal Bonus" in the context of life insurance?
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