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LSDefine

Simple English definitions for legal terms

dividend addition

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A quick definition of dividend addition:

Dividend Addition: When you have a life insurance policy, sometimes the company may give you extra money called a dividend. You can use this money to buy more insurance by adding it to the amount of money your policy is worth. This is called a dividend addition. It's like using the extra money you get for doing a good job to buy something you want.

A more thorough explanation:

DIVIDEND ADDITION

Dividend addition is an extra amount of money that can be added to the face value of a life insurance policy. This extra amount is purchased by using a dividend as a single premium payment.

Let's say you have a life insurance policy with a face value of $100,000 and you receive a dividend of $1,000. You can choose to use that dividend to purchase a dividend addition, which would increase the face value of your policy to $101,000.

Another example would be if you have a policy with a face value of $50,000 and you receive a dividend of $500. You can use that dividend to purchase a dividend addition, which would increase the face value of your policy to $50,500.

Dividend addition is a way to increase the face value of a life insurance policy without having to pay additional premiums. The examples illustrate how a dividend can be used to purchase a dividend addition, which in turn increases the face value of the policy. This can be a good way to increase the amount of coverage you have without having to pay more money out of pocket.

divided-damages rule | dividend-credit rule

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JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
shaquilleoatmeal
17:45
put me on - whats the first song on the album thats heat
babycat
17:45
I don’t know sweetgreen like that because I’m not part of the PMC. your legs looked super tan though
hey now is my favorite
peekaboo, squabble up, tv off and gnx good too. Heart pt 6 and reincarnated for straight lyricism
shaquilleoatmeal
17:49
@babycat: should i bring you to sg next time im in ct?
shaquilleoatmeal
17:49
@ImpartialLion: any obvious diss tracks on there?
Whole thing got clear disses, but wacced out murals has the most obvious call outs
babycat
17:50
i used to work in an office two doors up the street from one and you can really see the glazed sweetgreen stare on the face of all those morgan stanley guys
BulbasaurNoLikeCardio
17:51
I have this professor for a legal analysis and writing for clients class that said you will need a JD and legal experience to get an A. He also grades ridiculously hard but leaves no comments on why you got that grade or what you did wrong. Dude is pissing me off with the whole you are wrong figure it out approach.
babycat
17:51
that’s just not proper teaching what a dickhead
BulbasaurNoLikeCardio
17:53
Going to ruin my 4.0 for a 2SH class.
BulbasaurNoLikeCardio
17:53
At least grad school GPA doesn't matter much
JumpySubsequentDolphin
17:53
@shaquilleoatmeal: the garlic steak thing
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