Life insurance policies that pay dividends are referred to as “participating policies”. Participating policies pay dividends to policyholders. Which of the following is a true statement about dividends?

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Life insurance policies that pay dividends are referred to as “participating policies”. Participating policies pay dividends to policyholders. Which of the following is a true statement about dividends?

a. Dividends are not taxable.

b. Dividends are usually paid on an annual basis.

c. Dividends are actually a return of overcharged premiums.

d. All of the above

Answer: d. All of the above

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