Veronica is a life insurance agent and she meets with a prospective client, Jason. After the necessary due diligence. Veronica recommends that Jason purchase a participating whole life policy, citing the potential benefits of policy dividends. When Jason asks Veronica about the dividend payment options, which of the following is CORRECT response that Veronica should provide Jason?
A. Instead of receiving the dividends., Jason can apply the dividends towards his premiums, thereby reducing his premiums accordingly.
B. The dividends can be invested in a separate accumulation account and both the dividends and the growth will be non-taxable and can be withdrawn at any time.
C. Jason can increase the amount of insurance by using the dividends to buy paid up additions provided that he has medical evidence of insurability
D. Jason can elect to receive the dividends, which are taxed more favourably than ordinary income, and spend or invest the money however he chooses.
HowOur Website Works
1. FILL IN OUR SIMPLE ORDER FORM
It has never been easier to place your order. Fill in the initial requirements
in the small order form located on the home page and press “continue” button
to proceed to the main order form or press “order” button in the header menu.
Starting from there let our system intuitively guide you through all steps of
ordering process.
2. PROCEED WITH THE PAYMENT
All your payments are processed securely through PayPal. This enables us to
guarantee a 100% security of your funds and process payments swiftly.
3. WRITER ASSIGNMENT
Next, we match up your order details with the most qualified freelance writer
in your field.
4. WRITING PROCESS
Once we have found the most suitable writer for your assignment, they start
working on a masterpiece just for you!
5. DELIVERY
Once finished, your final paper will be available for download through your
personal dashboard. You will also receive an email notification with a copy of
your paper attached to it. Sometimes, the writer may leave a note for you
about the order in case there is any additional information that they need to
give you.