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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Period of time during which notice of claim and proof of loss must be submitted by the insured or his or her legal representatives. ...
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Income (premiums + investment earnings) minus disbursements (dividends + death claims + policies surrendered for benefits + general expenses). ...
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