What happens to my Wealth Bonus if my premium increases?
There are a number of reasons why your premium might increase.
In January each year, we calculate a new premium for you based on inflation and your age at that point. This means that as the years go by, your premiums tend to increase. Another reason might be that you purposefully added more cover.
We match a percentage of your premium (depending on your age) and put it into an investment for you to use as a retirement booster when you reach 70. Because we work with percentages, when your premium value increases, so does the amount of Wealth Bonus we’ll contribute monthly, all else remaining equal.
That said, the percentage of Wealth Bonus we match will get smaller after age 30.