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Nonparticipating Life Insurance Policy |
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Nonparticipating life insurance policy Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid. Nonparticipating Life Insurance Policy A life insurance policy in which the policyholder does not have the right to receive a portion of the investments that the insurance company makes with the policyholder's premiums. That is, in a nonparticipating life insurance policy, the policyholder makes his/her premiums and, in exchange, the beneficiary receives a lump sum upon the policyholder's death. This sum will not increase or decrease depending on the performance of the insurance company's portfolio. 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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