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Simple English definitions for legal terms

deferred-dividend insurance policy

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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

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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