deferred dividend insurance policy

Hist. A life insurance policy that accumulated a fixed percentage of the insurer’s surplus profits, payable as a lump sum on a certain date or at the insured’s death, whichever came first.

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词条贡献者

译员何巍，毕业于欧洲一流的高级翻译学院，专注翻译各种与生命科学有关的法律文件。