Paid Up Additions

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Understanding Paid UP Additions. The term is in your whole life insurance policy but you don't know what they are in this video we will look at what Paid Up additions are and how they work.

Paid up policies additions are options on whole life policies that allow you to buy extra insurance with your earnings. It's a smaller sub-policy that increases your death benefits, cash value, and dividends of your combined plans at once. The death benefit and cash value are much less than the original policy.

You can buy a paid-up addition under two circumstances:

• You have a participating whole life insurance plan through a mutual insurance company that issues dividends
• You have a paid up addition rider on your whole life policy

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