Compound reversionary bonus - A with profits life assurance bonus, normally added annually to the policy, which is based on the profits of the life company"s investments.The compound reversionary bonus is normally calculated on the sum assured (or basic sum assured) plus bonuses to date and is payable at the maturity of the policy or prior death. Once declared, reversionary bonuses are guaranteed.
Compound reversionary bonus : a with profits life assurance bonus, normally added annually to the policy, which is based on the profits of the life company"s investments.the compound reversionary bonus is normally calculated on the sum assured (or basic sum assured) plus bonuses to date and is payable at the maturity of the policy or prior death. once declared, reversionary bonuses are guaranteed.