Participating policies must include a dividend provision that should describe the policyholder ‘s right to share in the insurance company’s divisible surplus. The provision should also describe the dividend payment options available to the policyholder. Normally there are five(5) dividend payment options available to policy holders. They are:  1.        Cash dividend option 2.        Premium reduction option 3.        Accumulation of interest option 4.        Paid-up additional insurance option 5.        additional term insurance option  

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