Taxation, Participating Dividends
Definition of "Taxation, participating dividends"
Dividends of a participating life insurance policy deemed by the Internal Revenue Service to be a return of a portion of premiums and thus not subject to taxation.
Popular Insurance Terms
Same as term Disability Benefit: income paid under a disability policy that is not covered under workers compensation benefits. It is usually expressed as a percentage of the insured's ...
To which the original investment sums build at a stipulated interest rate. ...
Ordinary life insurance under which premiums are calculated so that the first few years of premiums are less than normal, and subsequent premiums are higher than normal. ...
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Specific time at which the insurance policy coverage begins and ends. ...
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