MLchartDataset catalogue

Dividend addition

Term · Insurance and risk management · MLC-T-INS-001204

A dividend option in participating life insurance policies where dividends are used to purchase small, paid-up additional insurance policies. Each dividend addition increases the policy's death benefit and cash value. These additions are typically purchased at the insured's attained age and do not require further premium payments.

Table 1. Record
IdentifierMLC-T-INS-001204
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001204",
  "term": "Dividend addition",
  "field": "Insurance and risk management",
  "definition": "A dividend option in participating life insurance policies where dividends are used to purchase small, paid-up additional insurance policies. Each dividend addition increases the policy's death benefit and cash value. These additions are typically purchased at the insured's attained age and do not require further premium payments.",
  "url": "https://mlchart.com/terminology/insurance/dividend-addition/"
}

Record 1,029 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.