What does Flat Dividend mean? Read on to discover the definition & meaning of the term Flat Dividend - to help you better understand the language used in insurance policies.
A policyholder dividend paid to the insured as a flat percentage of the premium, usually between 5 and 15 percent. Dividends are not guaranteed and can be paid only after the insurer's board of directors declares a dividend.
We hope the you have a better understanding of the meaning of Flat Dividend.