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Using the policy dividends as a single premium to buy additional life insurance is called?
Wiki User
∙ 14y ago
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
Wiki User
∙ 14y ago
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What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
What is a payment for insurance called -?
A premium
What is insurance premium paid in advance called?
Prepayment of the premium before it is due.
What you pay every month for your insurance is called the?
premium
What is the periodic payments made to keep an insurance policy in effect called?
premium
What are dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
What is a payment for insurance called -?
A premium
What is insurance premium paid in advance called?
Prepayment of the premium before it is due.
What terms is the amount you or your employer pays in exchange for insurance coverage?
It is called a premium.
What you pay every month for your insurance is called the?
premium
What life insurance option allows someone to apply dividends to the policy to increase the death benefit?
The option to increase the death benefit with dividends is called "paid-up additions". If you select "paid-up additions" then dividends will purchase additional death benefit which will increase the total death benefit of the policy. This will also increase the cash value of the policy.
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
What is the amount you or your employer pays in exchange for insurance coverage called?
The term is "premium".
What is the periodic payments made to keep an insurance policy in effect called?
premium
What are the provisions of an insurance policy called?
A provision of an insurance company is often called an automatic premium loan. A provision is often added to life insurance policies as a rider on an insurance policy that has a cash value.
What is the meaning of insurer in life insurance?
The one who pays the money for policy or who pays the premium of the policy is called proposer
