A statement of objectives and the methods of achieving these objectives (policy instruments) by government, political party, business concern, etc Some examples of government economic objectives are maintaining full employment, achieving a high rate of economic growth, reducing income inequalities and regional development inequalities, and maintaining price stability Policy instruments include fiscal policy, monetary and financial policy, and legislative controls (e g , price and wage control, rent control)
Special type of participating whole life insurance in which the dividends are used to buy term insurance or paid-up additions equal to the difference between the face amount of the policy and some guaranteed amount