What Does Policy Dividend Mean?

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What does Policy Dividend mean? Read on to discover the definition & meaning of the term Policy Dividend - to help you better understand the language used in insurance policies.

Policy Dividend

Policy Dividend

a refund of part of the premium on a participating life insurance policy. Amount of payment is determined by subtracting the actual premium expense from the premium charged. The payment can be taken as cash, applied to a purchase an increment of paid-up insurance, left on deposit with the insurance company or applied to purchase term insurance for one year.

We hope the you have a better understanding of the meaning of Policy Dividend.

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