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I've googled reversionary bonus and can see that it's a an addition to insured benefits (often made annually). But why is it called "reversionary"? Is something reverting? Who to?

  • what country are you located? – Dheer Jan 3 '14 at 13:33
  • @Dheer I'm in the UK – oks Jan 4 '14 at 15:54
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The term reversionary is more a legal term. See the meaning here

For all practical purposes, its a additional amount declared and gets added to the survival value of a whole life policy.

  • Thanks. From the link the legal term refers to rights reverting i.e. going back to some previous owner, after a period when they have belonged to someone else. I just don't see what rights "revert" to anyone when an additional amount is added to a survival value. – oks Jan 4 '14 at 15:58

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