An annuitisation bonus refers to an additional amount added to the funds of an annuity contract when the annuitant decides to convert their accumulated investment into a series of periodic payments.
An annuitisation bonus refers to an additional amount added to the funds of an annuity contract when the annuitant decides to convert their accumulated investment into a series of periodic payments.
This bonus is usually a percentage increase on the value of the annuity account or the payments. It is offered by insurance companies as an incentive for policyholders to annuitise their contracts, rather than taking a lump sum withdrawal.
The bonus can be a significant benefit for retirees seeking a stable income stream, as it boosts the overall value of the annuity, resulting in higher regular payments.
An annuitisation bonus refers to an additional amount added to the funds of an annuity contract when the annuitant decides to convert their accumulated investment into a series of periodic payments.
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