Which of the following is not an advantage of using dividends to purchase paid-up additions of life insurance?

Name: Which of the following is not an advantage of using dividends to purchase paid-up additions of life insurance?
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

While the other options listed are advantages of using dividends to purchase paid-up additions of life insurance, option D is not an advantage as the dividends used to purchase paid-up additions are not taxable. However, the paid-up additions themselves will grow tax-deferred.

Which of the Following Is Not an Advantage of Using