Postmortem dividend
Term · Insurance and risk management · MLC-T-INS-002616
A dividend paid on a life insurance policy after the death of the insured, covering the period from the last policy anniversary date to the date of death. This payment is typically added to the death benefit. It represents the policy's share of the insurer's surplus earnings for that partial year.
| Identifier | MLC-T-INS-002616 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002616",
"term": "Postmortem dividend",
"field": "Insurance and risk management",
"definition": "A dividend paid on a life insurance policy after the death of the insured, covering the period from the last policy anniversary date to the date of death. This payment is typically added to the death benefit. It represents the policy's share of the insurer's surplus earnings for that partial year.",
"url": "https://mlchart.com/terminology/insurance/postmortem-dividend/"
}
Record 2,609 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.