Participating Policy Dividend Option

Definition of "Participating policy dividend option"

David  Dahl
David Dahl Edina Realty

Same as term Participating Policy Dividend: life insurance contract that pays its owner dividends, which can be: taken as cash; applied to reduce a premium; applied to purchase an increment of paid-up insurance; left on deposit with the insurance company to accumulate at interest; and applied to purchase term insurance for one year.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ