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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. What is Policy Dividend , What does mean Policy Dividend , Insurance Guide, Insurance Glossary

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