Register
Frank has a life insurance policy in which he chooses to have the dividends increase the death benefit. Which Dividend Option did he select?
104k views
4 votes
Frank has a life insurance policy in which he chooses to have the dividends increase the death benefit. Which Dividend Option did he select?

User OpenGG
by
3.2k points

1 Answer

2 votes

Answer:

Paid up additional or paid up option

Step-by-step explanation:

Paid up additional insurance is bought with the extra premiums or dividends which is in addition to the required premiums and it will instantly increase the death benefits as well as the cash value of the policy.

In this case, Frank has purchased life insurance policy in which he has chooses to have the dividends increase the death benefit. Therefore, it can be concluded that he has opt for paid up option.

User Kanishka Vatsa
by
3.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.4m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
Link Copied!