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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.
What else can I help you with?
What are the benefits of universal life insurance?
The main benefit is someone else pays for your free insurance
Is there a survivor benefit if someone with disability insurance dies?
This information would have to come from the payer of the disability insurance amounts.
What if someone drives your car and has an accident?
Your insurance rate will increase.
Is the NJcure auto insurance firm a scam as some people claim?
Insurance Fraud occurs when any act is committed with the intent to fraudulently obtain some benefit or advantage to which they are not otherwise entitled or someone knowingly denies some benefit that is due and to which someone is entitled.
What would make a mortgage insurance premium increase?
There are many things that would make a mortgage insurance premium increase. Mortgage insurance is used when someone dies and pays money so that the mortgage will be paid. Smoking or participating in dangerous activities will increase the premiums.
Will your premiums increase with no-fault insurance if someone hits you when your car is parked?
The insurance company has no reason to raise your premium, the situation was completely out of your hands.
If you receive a driver summons while driving someone else's car will your insurance increase or the car owner's?
If this is a traffic ticket, your insurance would take the hit.
Are dividends the same as profits?
No because a shareholder is someone who owns or holds a share of stock and has the right to participate in the profits through dividends
What is the difference between life insurance and non life insurance?
Life insurance pays a death benefit when the insured party dies. So, it is insurance on someone's life. Non Life Insurance (such as home, auto, general liability) insurance covers something else other than a person's life.
What are the benefits of short term motor insurance?
Short term motor insurance has many benefits. The greatest benefit of short term motor insurance is that it allows someone to add a temporary driver to a car, and extends their regular insurance to cover the temporary driver. This allows someone to go on a road trip and not worry about being uninsured and on the road.
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?
5000 contestability period is two years
Can someone who drives with no insurance drive with someone who has insurance?
no
