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What life insurance option allows someone to apply dividends to the policy to increase the death benefit?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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What are the benefits of universal life insurance?
The main benefit is someone else pays for your free insurance
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Is the NJcure auto insurance firm a scam as some people claim?
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If someone took out a modified benefit whole life insurance policy in June 1998 and died in August 2008 and the policy was 5000 what is the death benefit paid?
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Does your premium go up if someone without insurance had permission to drive your car and gets into an accident that was their fault in NJ?
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