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The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the

The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the
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The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the

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User Arturas Smorgun
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The dividend option in which the policy owner uses dividends to purchase a term policy for one year is referred to as the one-year term option. This would be called the basic insurance amount or face amount on the contractual page of the policy.
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User Virendra Jadeja
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