Definition of "Dividend"

Scott Lincicome real estate agent
Scott Lincicome, Real Estate Agent Better Homes & Gardens Real Estate Lifestyle Property Partners

Sum returned to a policyowner by an insurance company under a participating policy. Dividends are not deemed as taxable distributions, as the Internal Revenue Service interprets them as a refund of a portion of the premium paid. There are several ways in which the policyowner may use dividends.

 

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