More commonly, though, you’ll need to purchase a life insurance rider called a paid-up additions rider to have this option. Alternatives to paid-up additions in life insurance There are several alternatives to using dividends to purchase paid-up additions in life insurance. For example, you ...
such as "additional life insurance rider," or "paid-up additions rider," or "paid-up additional life insurance rider." They may work differently as well. For some, the rider is flexible, allowing you to contribute between a maximum and minimum amount to the rider each year. Other companies...
Consider Paid Up Additions (PUA) as single premium payment life insurance, which boosts the overall cash value of your policy.
Reduced paid-up insurance is an option whole life policy owners might have to use a policy's cash value to make a single, in-full premium payment. Then, they can stop paying premiums. Key Takeaways Reduced paid-up insurance is only available for permanent life insurance. It is not an op...