10 of 20 Gene Lockhart owns a participating whole life insurance policy. According to the dividend...

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10 of 20 Gene Lockhart owns a participating whole life insurance policy. According to the dividend option that Mr. Lockhart has chosen, policy dividends will be used to purchase additional insurance. The additional insurance will be of the same plan as the basic policy and in whatever amount the dividend can provide. This information indicates that Mr. Lockhart has chosen the type of dividend option known as the additional term insurance dividend option cash dividend option premium reduction dividend option paid-up additional insurance dividend option 10 of 20 Gene Lockhart owns a participating whole life insurance policy. According to the dividend option that Mr. Lockhart has chosen, policy dividends will be used to purchase additional insurance. The additional insurance will be of the same plan as the basic policy and in whatever amount the dividend can provide. This information indicates that Mr. Lockhart has chosen the type of dividend option known as the additional term insurance dividend option cash dividend option premium reduction dividend option paid-up additional insurance dividend option