Which of the following statements regarding the paid-up additions life insurance policy dividend option is NOT correct?
A) Paid-up additions consist of permanent life insurance of the same type as the base policy.
B) A paid-up addition increases the policy's total cash value as well as its death benefit.
C) The paid-up additions dividend option is only available to insureds that remain insurable.
D) The amount of paid-up coverage acquired is based on the insured's attained age at the time the dividend is declared."
Ans: C) The paid-up additions dividend option is only available to insureds that remain insurable.
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