holguinaaron099 holguinaaron099

01-06-2024
Business

Answered

Which dividend option will increase the death benefit?
о
A. Paid-up additions
B. Reduced paid up
O
O
C. Extended term
D. Accumulation

Verified Answer :

GinnyAnswer GinnyAnswer

01-06-2024

Final answer:

Choosing paid-up additions as a dividend option in cash-value life insurance policies can enhance the death benefit.

Explanation:

Paid-up additions is the dividend option that can increase the death benefit of cash-value (whole) life insurance policies. When policyholders choose this option, the dividends received are used to purchase additional coverage, enhancing the death benefit amount.

Learn more about Insurance policies here:

https://brainly.com/question/46738125

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