Paid-up Additions are a crucial component to whole life insurance when someone wants to focus on cash value accumulation. In fact, we declared the rider–the magic of cash value life insurance a long time ago.
But we’ve tended to be real loosey-goosey about a very important distinction between paid-up additions, which was entirely by accident. And today I’m going to try to further solidify precisely what we look at when it comes to sorting out coveted policy features specifically regarding whole life insurance as those features pertain to life insurance as a low risk asset class.