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The policyowner pays for her life insurance annually. Until now, she has collected a nontaxable dividend check each year. She has decided that she would rather use the dividends to help pay for her next premium. What option would allow her to do this?

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sandlee09

Answer:

Reduction of premium

Explanation:

According to my research on different insurance policies, I can say that based on the information provided within the question the option that would allow her to do this is a Reduction of premium. This is because this allows the policyholder to apply policy dividends toward the next year's premium. Therefore making it easier for the policy-owner to pay for her next premium.

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