Q384
Which kind policies are not entitled bonuses?
A.
Non participatory
B.
Money back
C.
Children’s
D.
Whole life
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Whole life policies are not entitled for bonuses. Not all life insurance policies are entitled to receive the bonus amount. Only participating (with-profit) policies qualify for the bonus and the policyholders holding a participating life insurance policy will only qualify for the bonus payout.