Participating Policy Dividend Option


Definition of "Participating policy dividend option"

Ulrick Germain real estate agent
Ulrick Germain, Real Estate Agent Charles Rutenberg 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.

 

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