“Making Your Money Work for You!”
If you have a government life insurance policy that begins with the letters V, RS, W, J, JR, JS, or K, your policy will automatically pay tax-free dividends annually on the anniversary date.
Terms and Benefits:
- You do not have to apply to receive dividends.
- You may select from several dividend options:
- Paid-up additional insurance - Dividend is applied to your current policy and used to increase your amount of coverage.
- Credit - Credit is given when dividend is held in a policyholder account with interest. Interest rates are adjusted yearly.
- Net Premium Billing Options - When you exercise this option, the dividends will be used to pay the annual policy premium. If dividends exceed the premium, you have the option to choose how the remainder will be used.
- Your dividends can also be used to repay a loan, pay premiums in advance, be left in your account to earn interest, or paid to your bank account.
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