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Insurance & Risk Management
11. Chapter 12: Life Insurance Contractual Provisions/Dividend options
11. Chapter 12: Life Insurance Contractual Provisions Illustration
Syllabus Slides

Dividend options

01.Core Concepts

Policyholders have several ways to take dividends: Take the cash Reduce the next premium coming due Let the dividends accumulate at interest and withdraw later Apply toward the purchase of paid-up whole life insurance under the paid-up additions option Apply toward the purchase of term insurance Convert the policy to a paid-up contract Mature a policy as an endowment ‹#›