In case of above example, for calculating surrender value in year 2024 (after 10 years), we need to calculate total paid premium and
accumulated bonus before surrender.
Not exact matches
Before you know it, you will have
accumulated thousands of dollars worth of
bonuses that you could use to travel the world for a whole year freely like George Clooney in Up In The Air.
The only downside here is that you loose out on the 20 %
bonus by waiting to
accumulate 20,000 points
before you transfer them to Alaska.
You do have to register
before you can start
accumulating bonus points, but there are no limits or exclusions.
It also doesn't offer a sign - up
bonus, so you'll have to wait
before you
accumulate a significant amount.
In case of the death of the insured,
before completion of the policy term, the sum assured and
accumulated bonuses are paid to the nominee.