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Consider Paid Up Additions (PUA) as single premium payment life insurance, which boosts the overall cash value of your policy.
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Use the dividends to purchase paid-up additions (PUAs) If the last option is selected, dividend funds are automatically used to buy units of permanent life insurance coverage, which are added to the original “face amount” or the death benefit of the policy. This is the payout the benefi...
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Paid-up additional life insurance can be thought of as small chunks ofwhole life insurancepurchased with dividends from a whole life policy. Each paid-up addition (PUA) has its own death benefit and cash value, and also earns dividends. This makes them an effective way to increase thecash v...