Question

Beth purchased a participating life insurance policy 6 years ago. Her life insurance needs have increased, but she has developed a medical condition that makes it impossible for her to purchase more life insurance at affordable premiums. Which dividend option makes sense for Beth to use given her medical condition

Answer 1

Answer:

paid-up additions

Explanation:

Paid-up additions refers to additional payment that insurance buyers can have above the initial required premiums agreed in initial contract, The additional payment will directly increase the amount of money given to the recipient after Beth died.

Typically, this type of insurance is bought by people who experience  a sudden malicious illness with very low chance of survival.