- Receive Dividend in Cash (CAS) – the policy’s earned dividends are paid out in cash.
- Apply Dividends to Pay Premium (REP) – the policy’s earned dividends are used to pay the current premium due.
- Paid-Up Additional Insurance (PUA) – the policy’s earned dividends are used as a net single premium to purchase additional paid-up whole life insurance.
- Leave with the Company to Accumulate with Interest (DVA) – the policy’s earned dividends are left on deposit with the Company to earn interest.
The Company will determine yearly as a dividend that part, if any, of the divisible surplus of the Company that may be distributed to this Policy. Dividends are not guaranteed and may vary from year to year, or that there may be no dividends to be declared at all.
Yes, annual dividend or dividend accumulation may be used to pay in part or in full the premium due or an existing policy loan.