Sentences with reversionary bonus
re·ver·sion·ar·y bo·nus
R r - The profits are allocated to each with-profit policy and are paid as reversionary bonuses in addition to the specified sum insured.Holders of with-profits policies will receive a share in the surplus usually by allocation as a reversionary bonus added to the sum assured and payable with it.A reversionary bonus is a bonus added to the value of a life insurance policy.