S would like to use dividends from her life insurance policy to purchase paid-up additions. All of these would be factors that determine how much coverage can be purchased EXCEPT?

The correct answer focuses on the fact that the beneficiary's age does not play a role in determining how much additional coverage can be purchased with dividends from a life insurance policy. Instead, the factors influencing the purchase of paid-up additions include the policyholder's premium payment history, the amount of dividends available, and the type of policy.

The policyholder's premium payment history can indicate the overall commitment and reliability of premium payments, which could impact the amount of dividends earned. The amount of dividends available directly determines how much can be applied toward buying additional coverage, as greater dividends provide more purchasing power. Lastly, the type of policy affects how dividends are calculated and the options available for their use, including whether paid-up additions are an option.

In contrast, the age of the beneficiary is irrelevant in this context, as it does not affect the mechanics of how dividends are applied or the underwriting decisions related to purchasing additional insurance coverage.