10 ENGLISH BOOKS RELATING TO «TERMINAL BONUS»
Discover the use of
terminal bonus in the following bibliographical selection. Books relating to
terminal bonus and brief extracts from same to provide context of its use in English literature.
1
Managing Life Insurance
Terminal bonus: As the name suggests, this bonus attaches to the contract only
on its contractual termination (by death or maturity). It is declared only for claims
of the ensuing year without any commitment about subsequent years (as in the ...
SHASHIDHARAN K. KUTTY, 2008
2
The Prudential Regulation of the Equitable Life Assurance ...
4.56 The Ombudsman finds that when GAD identified the introduction by
Equitable Life of its differential terminal bonus policy it failed a) to inform the
regulator about the policy, b) to raise the matter with Equitable Life, or c) to seek
to identify ...
3
Implicit Embedded Options in Life Insurance Contracts: A ...
Another bonus that is independent of the other two is the terminal bonus
TERMBONUS that is paid out at maturity only. Whether a terminal bonus is
credited or not is contractually specified over all policies of a particular portfolio.
Again there is ...
4
Modern Actuarial Theory and Practice, Second Edition
An AWP policy with high terminal bonus will have some similar characteristics to
a unit-linked policy backed by equities, in that a fall in the value of the backing
assets will produce a reduction in benefits payable in both cases (although AWP
...
Philip Booth, Robert Chadburn, Steven Haberman, 2004
5
Market-Valuation Methods in Life and Pension Insurance
We now consider valuation under the three bonus forms, terminal bonus, cash
bonus and accumulation of benefits, with exactly that choice of function . We still
speak of the function as the contract function and recall the two possible ...
Thomas Møller, Mogens Steffensen, 2007
6
The Fair Value of Insurance Liabilities
A substantially higher link is likely between terminal bonus rates and equity
returns, requiring use of a discount rate closer to the equity return rate to value
terminal bonus payments. Assessment of the risk and discount rate for terminal
bonus ...
Irwin T. Vanderhoof, Edward Altman, 1998
7
Personal Finance and Investments: A Behavioural Finance ...
At maturity of the pension or endowment plan (or at death if earlier) a terminal
bonus is added to the guaranteed total.The terminal bonus is the difference
between the total guaranteed and the total allocated. At maturity the investor
receives ...
8
Practical Risk Theory for Actuaries
Claims Expenses • Tax Terminal bonus Dividends to shareholders Figure 15.2.2
The process involved in determining and allocating surplus according to the
British practice. The reserve for bonus is for reversionary (guaranteed) bonuses
and ...
C.D. Daykin, T. Pentikainen, Martti Pesonen, 1993
9
Introduction to Insurance Mathematics: Technical and ...
The goalof the terminal bonus is to pay the profit not yet released; it is required B[
term]t ≥ 0, given that reversionary bonuses are locked-in (and the initial benefit
amount is guaranteed). Conversely, it may turn out B[term]t ⋛ B[term]t−1, as no ...
Annamaria Olivieri, Ermanno Pitacco, 2011
10
The Financial Times Guide to Investing ePub
The terminal bonus is frequently more valuable than all the reversionary bonuses
put together. The insurers are naturally cautious in adding reversionary bonuses
because of the danger of a market decline later in the life of the policy. So they ...
10 NEWS ITEMS WHICH INCLUDE THE TERM «TERMINAL BONUS»
Find out what the national and international press are talking about and how the term
terminal bonus is used in the context of the following news items.
Par policies could yield lower bonuses with new risk-based capital …
Bonus restructuring, similar to that executed by NTUC Income in 2008, involves reducing future reversionary bonus and increasing future terminal bonus to ... «THE BUSINESS TIMES, Jan 15»
Aegon with-profits terminal bonus rates cut
Enhancements to terminal bonus rates have been reduced for all investors during the course of this year, while the unit price of the with-profits endowment ... «FT Adviser, Nov 14»
Endowment payouts cut despite stock market soaring
Most "with-profits" policies have a valuable terminal bonus which you won't receive ... takes it on, carries on making the payments and takes the terminal bonus. «The Guardian, Feb 14»
Standard Life boosts with-profits bonuses
Standard Life has increased the annual bonus on its with-profits plans on the back of ... elsewhere but preserving the all-important terminal bonus, said Mr Smith. «Financial Times, Jan 14»
Olympic Delivery Authority staff get £2.8 million in the form of exit …
It said: "The remuneration committee decided to award a terminal bonus of 49 per cent of his salary and to defer 50 per cent of the bonus until the successful ... «Telegraph.co.uk, Jul 13»
Benefits of bonus in life insurance
On the same pattern, the Insurance industry also provides a bonus to its policy ... Terminal Bonus: Terminal Bonus is also known as persistency bonus which is ... «Business Standard, May 13»
Should I cash in my endowment policy or wait until it matures?
At one time the terminal bonus would have represented a significant proportion of the value, although the poor performance in recent years has seen insurers ... «This is Money, Apr 13»
5 types of bonuses your insurance plan can offer
Types of bonuses: The common types of bonus offered by insurers are simple reversionary bonus, compound reversionary bonus, terminal bonus, interim bonus ... «mydigitalfc.com, Apr 13»
Why has our endowment policy with Scottish Widows made so little …
The figure was £76,365 including a 19 per cent terminal bonus. This indicates that the policy has increased by only £327 though we have paid in £777.40 since ... «This is Money, Mar 13»
How to take stock of with-profits funds
The funds do this by paying regular annual bonuses and a terminal bonus at maturity, the size of which depends on investment performance during the term, ... «Express.co.uk, Mar 13»
