Paid-up Simply, Paid-Up Whole Life insurance is a life insurance policy with premiums that were due only for a certain period of time or until the insured reached a certain age. From that time forward, the policy will remain inforce until the insured reaches age 100 or a claim is paid....
What Are Paid-Up Additions in Life Insurance? Paid-up additions are small amounts of extra coverage you can buy if your whole life policy issues dividends.Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on...
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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...