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LIFE POLICY Service Procedure


12. CASH DIVIDEND

Type When To Do Forms/Requirements Remarks
12. Cash Dividend Change of dividend payment option Inform Policy Service Department in writing.  Options:
  1. Cash
  2. Premium Reduction
  3. Paid-Up Addition
  4. Dividends Accumulation

If policyholder choose option 1. (withdraw the dividend), Critical Years will be affected.

If no option is elected, option 4. will automatically apply.

Dividend will be credited to the policy immediately as of the policy anniversary dates.

A dividend statement will be sent to the policy owner stating the current declaration and total accumulation.


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