A policy owner has purchased a life insurance policy from a participating company and started to receive quarterly dividends. He has instructed the company to apply the dividends to the policy to increase the death benefit. The dividend option that the policy owner has chosen is called

A. Paid-up additions

B. One year term purchase

C. Accumulation at interest

D. Reduction of premiums

Answer: A. Paid-up additions

Accident and Health Insurance

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The voluntary relinquishment of a legal right is called
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