Ask the Experts: the different types of bonuses on unit links

Answer - Colin Bell, European variable annuity product director, Aegon You ask about ‘bonuses’ in your question and I wonder whether there’s some confusion here with with-profits investments. However, if you are referring to the step-up features, which enable unit-linked guarantee investors to lock in higher levels of guarantee if strong investment performance increases the account value, then we have two types. A ‘monthiversary’ ratchet apples for our Secure Income and Secure Lifetime Income guarantee options (including under the Trustee Investment Plan). On each yearly policy anniver...