Saturday 31 March 2012

with profit and without profit

WITH PROFIT AND NON-PROFIT POLICY-

"NO RESULT" or not - PARTICIPATING policies are not entitled to bonuses, which are declared after the actuarial valuations. "Earnings" or "participating" policies pay aslightly higher premium for the right to participate in the progress of the insurer.'Earnings, policies are popular because the bonds are expected to be more than theextra premium paid for. 'earnings, policies where the premium is paid for a limited period, continue to participate, even after cessation of the premium

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