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Insurance Dividend |
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Insurance dividend Money paid annually to policyholders participating in cash value life insurance policies. Insurance Dividend An annual fee an insurance company pays to whole life policyholders. The amount of the dividend is determined by the company's board of directors and is not guaranteed. This allows whole life policyholders access to at least part of their benefit before death. The insurance dividend can be taken in cash, but is almost always applied as a discount against future premium payments. This is a distinct advantage of whole life policies, though some analysts believe that insurance dividends do not make up for the expense of whole life insurance compared to term insurance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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New York Life said it is the only insurer in the market today to declare a long-term-care insurance dividend. 1, 1997 (years subsequent to the tax years at issue in Ceridian), the FTB had taken the position that as a result of Ceridian, CRTC [section]24410 was wholly inoperable, so that no DRD was permitted for dividends received from an insurance company; see Departmental Policy on Section 24410 Insurance Dividend Deductions, FTB Multistate Audit Program Mem. NEW YORK -- New York Life Insurance Company announced today that its Board of Directors has approved a dividend for its LTCSelect Premier long-term care insurance product, making New York Life the first insurer ever to declare a long-term care insurance dividend. |
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