policy dividend
Definition
Excess premium refunded to the holder of an individual participating life insurance policy, paid from the insurer's divisible surplus.
policy dividend is in the General, Marine, & Life Insurance subject.
policy dividend appears in the definition of the following term: accumulation option
This content can be found on the following page:
http://www.businessdictionary.com/definition/policy-dividend.html
email to a friend print this definition cite this definition