whole life policy riders
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4 Terms
1
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Option to Purchase Paid-up Additions
Allows the policyholder to increase the death benefit and cash value without requiring evidence of insurability (underwriting).
2
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Disability Waiver of Premium
Pays the premiums to help keep the policy in force should the insured become totally disabled for a period of six months or more.
3
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Dividend Option Term
Combination of term and permanent for an increased death benefit
4
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term four
definition four
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Flashcards (20)