Beth purchased a participating life insurance policy 6 years ago.Her life insurance needs have increased,but she has developed a medical condition that makes it impossible for her to purchase more life insurance at affordable premiums.Which dividend option makes sense for Beth to use given her medical condition?

Question

Quizplus · Accepted Answer

The paid-up additions option allows Beth to use her policy's dividends to purchase additional permanent life insurance without having to undergo medical underwriting or pay additional premiums. This would allow her to increase her coverage while working within the limits of her medical condition.

Beth Purchased a Participating Life Insurance Policy 6 Years Ago