Annuity glossary
Premium Bonus
Extra money the insurer adds to your annuity's account value, calculated as a percentage of what you pay into the contract. Bonuses are not free: contracts that pay them typically carry longer surrender periods, lower caps, or vesting schedules that claw the bonus back if you leave early. Judge the whole contract, never the bonus alone. The contract explains the calculation, timing, exceptions, and owner choices that apply.
Any guarantee is backed by the claims-paying ability of the issuing insurer.
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Put this term in context.
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Educational film
See the retirement tradeoffs in context.
The Descent is a short educational film about income, taxes, and uncertainty after work. Watch it to build context before considering any insurance product.
Watch The Descent