Definitions for "Participating policy"
A type of life insurance policy or annuity under which policy dividends may be paid to the policyowner. Also called a par policy. See also dividend.----------[ Back
A policy that pays a dividend to the policyowner. Generally this type of policy is issued by a mutual insurance company.
One under which the policy owner is entitled to receive shares of the divisible surplus of the insurer. Such shares are commonly called dividends.