Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

deferred-dividend insurance policy

Read a random definition: estate in expectancy

A quick definition of deferred-dividend insurance policy:

A deferred-dividend insurance policy is a type of life insurance that accumulates a fixed percentage of the insurer's surplus profits. This money is paid out as a lump sum on a certain date or at the insured's death, whichever comes first. It's like saving money for the future, but with the added benefit of insurance protection.

A more thorough explanation:

A deferred-dividend insurance policy is a type of life insurance policy that accumulates a fixed percentage of the insurer's surplus profits. The accumulated amount is payable as a lump sum on a certain date or at the insured's death, whichever comes first.

For example, John purchases a deferred-dividend insurance policy with a 5% accumulation rate. Over the years, the insurer's surplus profits increase, and John's policy accumulates $10,000. When John dies, his beneficiary receives the accumulated amount in addition to the death benefit.

Deferred-dividend insurance policies were popular in the past but are now rare. They illustrate how life insurance policies can accumulate cash value over time.

deferred dividend | deferred expense

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
21:09
*neurosis
neurosis leading to necrosis?
21:17
some of you are donning gay apparel year-round 😂😂😂
21:18
temple or villanova
21:19
my fam is from pennsylvania and says temple is an AWFUL neighborhood
21:20
@KnowledgeableRitzyWasp: i ama fien for necrotic tissue, I cannot lie
21:20
(mortician by trade)
21:21
same outcomes, temple has better trial advocacy. nova has the most partners in BL firms in philly than any other school. But both send 20% to BL if thats ur thing. Temple is located in arguably the roughest part of philly. the campus itself is a campus, but not more than a few blocks away are some neighborhoods u dont wanna walk around in.
21:21
nova more expensive
21:21
very very similar tho
21:21
anywhere in philly is too close to kensington for me fam
21:22
k&a is lower northeast, temple is north. not too far at all but not exactly the same place
21:22
u dont ever need to venture to k&a for any reason dont worry
21:23
nova is in a boujee suburb on the main line
21:23
not even in the city, with no traffic prob 30 mins from the city
21:24
to center city*
21:24
glovie have u seen that meme with the dreidel and it says fuck christmas i need top
21:24
no i fw that tho
guys i slept 12 hours last night. i’m going to sleep 12 more
lol cherie
21:27
i couldn’t find it online so i posted it myself
21:28
😴 🥱 💤 literally you
21:40
lmfaoo @both
Dkk
22:07
Old meme @cherie ancient
22:51
is the status checker on here still broken?
Dkk
23:24
@Skydog1969: probably
23:32
lol they are tested them for the first time in a while
CynicalOops
0:02
Who dropping ifunny memes in the chat rn this is crazy
LSD+ is ad-free, with DMs, discounts, case briefs & more.