 |
|
| |
Equivalent level annual dividend
One amount
presented to consumers as part of the interest-adjusted
method of comparing the costs of life insurance
policies. The equivalent level annual dividend is
meant to represent the part of the interest-adjusted
payment and the cost that is, in effect, not guaranteed
by the insurer, because dividends will change in
the future as the insurer's experience changes.
This amount gives the buyer an indication of the
extent to which these nonguaranteed amounts affect
the interest-adjusted payment and the cost of a
policy.
|
|
| |
|
|
|
|
