The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the

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Jayvion Haley

16 May, 14:49

The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the

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Nyasia Reyes · Answer 1

The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the one-year term option. This would be called the basic insurance amount or face amount on the contractual page of the policy.