An option whereby the insured can leave dividends with the insurer, and each dividend is used to buy a single premium life insurance policy for whatever amount it will purchase. Also called Paid-Up Additions.
This entry was posted in . Bookmark the permalink.
A contract that provides insurance within a single policy for a father, mother, and born and unborn children. The father’s coverage is typically Whole Life Insurance, with the mother and children insured for smaller amounts of Term Insurance.