A policyowner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due?

Insurance

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A policyowner may exercise which of these dividend options that uses the dividend to pay all or part of the next premium due?

Options

a) Reduction of premium dividend option
b) Extended term option
c) Paid-up option
d) Cash dividend option

Answer: a) Reduction of premium dividend option

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