Dividend Illustration
Picture of future dividends that the insurance company expects to be allocated to a specific block of policies. The accuracy of this picture depends on the actual future mortality, investment, and expense experience being the same as that of the projected dividends. One way to judge the validity of the projected dividends is to ascertain the dividends that the company has actually paid out in the past and the dividends that it is currently paying out. Although this is not a guarantee of future payments, it can be a strong indication of future payouts.
Popular Insurance Terms
Coverage for an insured firm if its business debtors fail to pay their obligations. The insured firm can be a manufacturer or a service organization but it cannot sell its products or ...
Subrogation clauses are used in both the real estate and insurance industries to follow lawful claims against a third party that damaged the property of the insured. If we encounter a ...
Coverage for goods in transit and the vehicles of transportation on waterways, land, and air. ...
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Option clause in a disability income policy that the insured can exercise that would permit the insured the right to purchase additional limits of coverage regardless of the insured's ...
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