Term
| the divined can be retained by the insurer and accumulated at |
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Definition
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Term
| the accumulated dividends generally can be withdrawn at |
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Definition
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Term
| w/ dividend accumulations if the dividends are not withdrawn, they are added to the amt paid when the policy matures as a |
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Definition
| death claim or is surrendered for its cash value |
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Term
| w/ dividend accumulations, the dividend is generally not taxable for |
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Definition
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Term
| the accumulation dividend option may not be desirable for policy owners who wish to minimize |
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Definition
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Term
| under this dividend option, the dividend is used to purchase a small amt of paid-up whole life insurance |
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Definition
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Term
| are purchased at net rates, not gross rates; there is no loading for expenses |
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Definition
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Term
| w/ paid-up additions, the evidence of insurability is |
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Definition
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Term
| this option is desirable if the insured is substandard in health or has become uninsurable b/c additional ants of life insurance can be purchased w/out demonstrating insurability |
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Definition
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Term
| are a form of single premium whole life insurance |
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Definition
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Term
| rarely is a single premium policy appropriate for |
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Definition
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Term
| b/c most ppl are underinsured, a better approach than the paid-up dividends option would be to use the dividends to purchase another policy if the applicant is |
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Definition
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Term
| a reasonable approach would be to accumulate the dividends either under interest option or paid-up dividends options for several years, then the accumulated funds could be used to |
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Definition
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Term
| a dividend option by which the dividend is used to purchase term insurance |
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Definition
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Term
| w/ the fifth dividend option, the divined can be used to purchase one-year term insurance equal to the cash value of the basic loan, and the remainder of the divined is then used to buy |
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Definition
| paid up additions or is accumulated at interest |
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