Deferred Dividend

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Deferred Dividend

A type of whole life insurance in which the policyholder does not receive any dividends the policy earns until a certain time (called the dividend period) has passed. If a policyholder dies during the dividend period, any dividends he/she would have earned are deposited in a fund that pays the dividends of policyholders who survive the period. As with all insurance, one must pay premiums receive any benefits at all.
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