Advantages of Selecting the Paid-Up Additions Dividend Option in a Life

question 59

Multiple Choice

Advantages of selecting the paid-up additions dividend option in a life insurance policy include which of the following?
I.Evidence of insurability is not required to purchase additional insurance.
II.The additions are purchased at net rates without a loading for expenses.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Irrational Emotions

Feelings that do not have a logical or reasonable basis, often disproportionate to the situation at hand.

Cognitive-Behavioural Therapy

A therapy approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Behavioural Experiments

A technique in cognitive-behavioral therapy where patients test the reality of their beliefs through homework assignments.