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Bonus Rate AnnuityAn extra percent of interest credited to an annuity during the first year that it is in force. The extra amount is above the interest rate to be credited beginning the second year and the remaining years that the annuity is in force. The extra rate is paid in the first year in an effort to attract new policyholders.
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Bonus Rate AnnuityAn annuity carrying an extra-high interest rate offered for only the first year, to attract new policyholders.
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