Nonparticipating life insurance policy(redirected from Nonparticipating Policy)
Nonparticipating life insurance policy
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.