If a life insurance policy pays dividends,it is called a _____ policy.
A) universal life
B) participating
C) investment grade
D) paid-up
E) extended

Question

Quizplus · Accepted Answer

A participating policy is one that pays dividends, meaning the policyholder is able to share in the profits of the insurance company. The other options do not necessarily involve dividends or profit-sharing.

If a Life Insurance Policy Pays Dividends,it Is Called a _____