Exam term

Policy dividends

Non-guaranteed distributions a participating whole life policy may pay, which the owner can take in cash, use to reduce premiums, buy paid-up additions, or leave to accumulate.

Lessons that use this term

Participating, individual, and group life policies California
Tax treatment of life insurance and annuities, including modified endowment contracts California
Traditional whole life products Florida
Dividends, incontestability, assignment, suicide, and accelerated death benefits Florida
Insurer types, admitted and domicile status, financial ratings, and distribution systems New York
Life policy classifications: group versus individual, permanent versus term, participating versus nonparticipating New York
Life insurance premium factors: mortality, investment return, expense, and premium mode New York
Traditional whole life products New York
Dividends, incontestability, assignment, suicide, and accelerated death benefits New York
Tax treatment of life insurance premiums, proceeds, and MECs New York
Traditional whole life products Texas