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Under what condition can a participating policy pay a higher dividend than the guaranteed minimum?
Service Life
The estimated use period or duration over which an asset is expected to be economically usable by one or more users, with proper maintenance and repairs.
Operational Use
The application or employment of resources, processes, and procedures to perform its intended functions or tasks within a business.
Units Of Time
Standardized segments of time used for measuring duration, such as seconds, minutes, hours, days, months, and years.
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