stock life insurance

  • Life insurance provided by a life insurance company owned and controlled by shareholders who share in the surplus earnings. The company generally issues non-participating life insurance, but some stock companies issue participating insurance.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).