Paid-up additions

{
  "id": "MLC-T-INS-002480",
  "term": "Paid-up additions",
  "field": "Insurance and risk management",
  "definition": "Additional units of single-premium whole life insurance purchased with policy dividends from a participating life insurance policy. Each addition has its own cash value and death benefit, which increases the overall policy's value. These additions are fully paid for and require no further premium payments.",
  "url": "https://mlchart.com/terminology/insurance/paid-up-additions/"
}