What Does Dividend Options Mean?

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What does Dividend Options mean? Read on to discover the definition & meaning of the term Dividend Options - to help you better understand the language used in insurance policies.

Dividend Options

Dividend Options

The different ways in which the insured under a participating life insurance policy may elect to receive surplus earnings: in cash, as a reduction of premium, as additional paid-up insurance, left on deposit at interest, or as additional term insurance.

We hope the you have a better understanding of the meaning of Dividend Options.

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