Participating Policy Dividend
Definition of "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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Right that has a limited time in duration for an individual to receive the income generated by assets owned by another individual. ...
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