Dividend Options (CRAPPO)

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Across
  1. 3. Dividend applied to reduce the next premium payment
  2. 4. Purchase additional permanent insurance without proving insurability
  3. 5. Direct payment to policy owner, tax-exempt
  4. 6. Purchase term insurance; can cover policy loan amount
Down
  1. 1. Dividend held by insurer in separate account; interest is taxable
  2. 2. Dividends are used to make additional premium payments and pay up the policy sooner