Truth 36. Bonus credits
"People may or may not say what they mean…but they always say something designed to get what they want."
—David Mamet
When you were in school, it was always helpful to take advantage of the opportunity to receive extra credit. Consequently, it is easy to understand why people being sold variable annuities are initially attracted to a feature called a "bonus credit." Unfortunately, unlike your days in grade school, a bonus credit does not always work to your advantage.
In an effort to make their annuities appear to be more attractive as an investment, some insurance companies will offer you an optional feature called a "bonus credit." Through this feature, the insurance company offers to add a bonus to the value of your ...
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