Dividend options are basically how you choose to use the dividend the company has issued on a participating whole life policy.  The following options are available:

•    Paid up additions: The dividend is used to increase the death benefit

•    Accumulate at Interest: The dividends are put into a side account with in the policy and earn interest

•    Reduce Premiums: The dividend can be applied to any premiums that are due

•    Dividends Paid In Cash: The dividend is paid by directly to the owner of the policy