additional term insurance option
The additional term insurance option is available under participating life insurance policies where the policyholder can request the insurance company to use a policy dividend as a net single premium to purchase a 1-year term life insurance policy on the policyholder's life.
additional term insurance option
The additional term insurance option is available under participating life insurance policies where the policyholder can request the insurance company to use a policy dividend as a net single premium to purchase a 1-year term life insurance policy on the policyholder's life.
Additional Information
This is also known as a fifth dividend option. There are other ways to add term insurance to a permanent insurance policy, usually by adding riders for additional term coverage.
