policyholder dividend
21option — op·tion 1 / äp shən/ n 1: the power or right to choose; also: a choice made or available 2: a privilege of demanding fulfillment of a contract on any day within a specified time 3: a contract conveying in exchange for the payment of a premium a… …
22The Co-operative Insurance — Co operative Insurance Society Limited Type Consumer Co operative Founded 1867 (1867) …
23interest-sensitive insurance policy — A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation. Bloomberg Financial Dictionary …
24par|tic|i|pat|ing insurance — «pahr TIHS uh PAY tihng», a form of insurance in which the policyholder receives a share or dividend from the insurance company s surplus earnings …
