Ace Arkansas Life & Health Insurance 2025 – Secure Your Success!

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A Whole Life policyowner elects to use dividends to pay off the policy sooner than originally planned. Which option allows this to occur?

Accumulation Option

In this scenario, the option that allows a Whole Life policyowner to use dividends to pay off the policy sooner than originally planned is the Accumulation Option. By choosing the Accumulation Option, the policyowner can instruct the insurer to accumulate the dividends and use them to pay off the policy earlier. The Paid-Up Option would allow the policyowner to use dividends to purchase paid-up additional insurance, the Dividend Purchase Option would allow the policyowner to use dividends to purchase additional insurance, and the Cash Option would provide the dividends in cash to the policyowner.

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Paid-Up Option

Dividend Purchase Option

Cash Option

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