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From The Glossary »

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Vesting Bonus Fund:

This is a relatively new investment fund which aims to produce steady growth over a long term. Any growth forms part of the investment and cannot be removed if market conditions deteriorate. It remains in force for the full term of the policy until it matures. The growth on the policy takes place by bonuses being declared, based on the expected long-term return on the fund. It is a suitable investment fund for those who invest in Capital Growth or ...
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