Dividend Addition

Definition of "Dividend addition"

Option in a participating policy under which dividends are used to purchase fully paid-up units of whole life insurance. This option deserves careful consideration by young families since it allows the purchase of extra life insurance without having to take a physical examination. Paid-up additions generate dividends and cash values that in turn will generate additional dividends and cash values.

Search Real Estate Glossary

Related Real Estate Glossary terms

Leasehold Value Interest

Difference between the rent paid by a lessee as fixed by a lease prior to destruction of property an ...

Loss Development Factor

Element used to adjust losses to reflect the incurred but not reported claim (IBNR) under the retros ...

Drywall Construction

The construction of stone or block walls without using concrete or mortar. Drywall construction is ...

Term

The period used to calculate the monthly mortgage payment. The term is usually but not always the ...

Gross Line

Total limit on the amount of coverage an insurer will underwrite on an individual risk. The amount u ...

Suicide Clause

Limitation in all life insurance policies to the effect that no death payment will be made if an ins ...

Related Real Estate FAQ

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit Short Sale Homes Home Prices - The Extra Costs What do Real Estate Attorneys do? Foreclosure - The Pros and Cons of Buying

FAQ

What is a subprime mortgage? What is the APR for This ARM Loan? What is a deed? What is a contingency? What is accession?