A dividend paid to the policy holder, made up of a fraction of the premium he or she has paid. It is intended to signify the disparity between the gross premium amount and the actual cost of the policy.
The Rantings of the barely human.
A dividend paid to the policy holder, made up of a fraction of the premium he or she has paid. It is intended to signify the disparity between the gross premium amount and the actual cost of the policy.