Question

How are vested bonuses typically paid out?

a.

Separately from the Sum Assured

b.

After the policy has lapsed

c.

Only upon policy surrender

d.

Along with the Sum Assured

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Along with the Sum Assured Explanation:Vested bonuses are typically attached to and payable along with the Sum Assured upon policy maturity or death of the policyholder.

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Q. How are vested bonuses typically paid out?
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