Definitions for "With-profits policy"
A policyholder with this type of life insurance policy shares in the surpluses of the insurance company's life insurance and pensions business.
an insurance contract that participates in the profit s of a life insurance company
A life assurance policy under which a share of the surplus disclosed by actuarial valuations of the company's business is payable as an addition to the guaranteed benefits or in reduction of future premiums.
Keywords:  investment, fund, type
a type of investment fund