contribution plan

Contribution plan

Con`tri*bu"tion plan\ (Life Insurance) A plan of distributing surplus by giving to each policy the excess of premiums and interest earned thereon over the expenses of management, cost of insurance, and the policy value at the date of computation. This excess is called the contribution of the policy.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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