dividend option
- A choice granted to holders of participatory insurance policies, particularly life insurance, regarding the method of dividend distribution; possibilities include cash payouts or usage for further insurance payments
- Upon reviewing various insurance policies, the individual preferred those with a dividend option that allowed reinvestment into additional coverage.
- With the dividend option included in the life insurance policy, the policyholder had the flexibility to decide how to receive dividends.
- Some policyholders prefer to receive payouts via the dividend option in their insurance agreements, while others opt to use these dividends as payment for additional coverage.
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