Examples of Bonus Period in a sentence
Bonuses may no longer apply if the reinstatement takes effect after the end of the Bonus Period.
A bonus will be applied to the GWB at the end of each Contract Year during the Bonus Period if no withdrawals are taken during that Contract Year.
However, adjustments to the bonus base due to partial withdrawals and subsequent Premiums will continue as described.If the Owner elects to reinstate the automatic step-ups together with the application of the bonus, the Bonus Period will not automatically re-start upon reinstatement.
The Bonus Period is terminated and no further bonuses are applied.
The Bonus Period will re-start at the time the bonus base is increased due to a step-up if the step-up occurs on or before the Contract Anniversary immediately following the Owner's (if Joint Owners, the oldest Owner's) [80th] birthday.