Business / Taxes / Guaranteed Renewable Policy: Your insurance company can’t cancel a guaranteed renewable life insurance policy as long as you pay the premium on time. With this type of policy, your payments can be increased only if they’re raised for everyone with the same policy. Today, all newly issued policies are guaranteed renewable.
Policy Verb Synonyms: approach, procedure, (game) plan, design, scheme, programme, method, system, management, conduct, behavior, strategy, tactic(s), principle(s), protocol, regulation, rule, custom, way, practice, ways and means, action
Business / Taxes / Participating Policy: When policyholders have what is called a participating policy from a mutual insurance company, they are eligible to receive dividends based on the company’s financial performance. When claims are lo MORE
Business / Finance / Paid-Up Policy: A life insurance policy in which all premiums that are due have been paid. MORE
Business / Taxes / Own-Occupation Policy: If you purchase an own-occupation disability insurance policy, you are entitled to receive benefits if a disability prevents you from performing the skilled work for which you have been trained. Some MORE
Business / Agriculture / Nonrenewable Resources: Nonrenewable resources, in contrast to renewable resources, do not naturally replenish themselves within time limits that permit sustained yield (i.e., minerals and hydrocarbons, such as phosphate roc MORE
Business / Finance / Perfect Market View (Of Dividend Policy): Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy. MORE