All of the following statements about the "dividend accumulation" option are true EXCEPT: : accumulated...
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Finance
All of the following statements about the "dividend accumulation" option are true EXCEPT: : accumulated dividends are added to the policy cash value if the policy is surrendered the accumulated dividends usually can be withdrawn at any time by the policyholder the insurer promises to pay a minimum guaranteed interest rate on the accumulated dividends interest earned on the accumulated dividends is not taxable unless and until it is withdrawn
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