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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Paid-Up Dividend Addition

Dividends paid to the policyowners of participating whole life insurance policies issued by mutual life insurance companies, can be used to purchase paid up additional insurance of the same type as the base policy. This has the effect of increasing total insurance coverage. No future premiums are required for the paid up additional insurance. See also Cash Dividends, Dividend Accumulation, Paid-Up Dividend Addition, Term Dividend Addition and Dividend Options.

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