Meaning Paid-Up Additional Insurance
What does Paid-Up Additional Insurance mean? Here you find 2 meanings of the word Paid-Up Additional Insurance. You can also add a definition of Paid-Up Additional Insurance yourself
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Paid-Up Additional InsurancePaid-Up Additional Insurance is an insurance option that permits the insurance policyholder to use policy dividends or benefits and/or additional premiums to buy additional insurance on the same plan [..]
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Paid-Up Additional InsuranceAdditional insurance, purchased with dividends, which has a death benefit and a cash value, but does not require payment of additional premiums. Partial Withdrawal: The owner may withdraw limited amounts of cash from the account value, subject to applicable surrender charges and withdrawal guidelines as defined in the policy. Participation Cred [..]
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