What is the Definition of Accumulation At Interest Dividend Option?
An option, available to the owners of participating insurance policies, that allows a policy owner to leave policy dividends on deposit with the insurer and earn interest. (See Dividends)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Accumulation At Interest Dividend Option?
Check out other definition of insurance terms below:
What is the Meaning of REAL ESTATE INVESTMENTS In Insurance Terms?
Investments generally owned by life insurers that include commercial mortgage loans and real property.
What is the Meaning of RECEIVABLES In Insurance Terms?
Amounts owed to a business for goods or services provided.
What is the Meaning of REDLINING In Insurance Terms?
Literally means to draw a red line on a map around areas to receive special treatment. Refusal to issue insurance based solely on where applicants live is illegal in all states. Denial of insurance must be risk-based.
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