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Tag: Paid-Up Additions in Life Insurance

  • What Are Paid-Up Additions in Life Insurance

    What Are Paid-Up Additions in Life Insurance

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    Paid-Up Additions in Life Insurance allows you to increase your life insurance coverage without increasing your premium payments. The additional coverage is added to the death benefit amount, and the premium payment goes towards the policy’s cash value. The additional coverage obtained as PUA insurance does not require regular premium payments to stay in effect.…