Participating Policy Dividend Option
Definition of "Participating policy dividend option"
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.
Popular Insurance Terms
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Arbitrator who settles disputes over the amount of loss when an insurer and an insured do not agree. ...
Will written totally in the handwriting of that individual whose name appears on the will. ...
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Decision in the absence of a plaintiff or defendant at the specified court time. ...
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