What Does Paid-Up Additions Mean?

Free Business Insurance Quote Click Here
What does Paid-Up Additions mean? Read on to discover the definition & meaning of the term Paid-Up Additions - to help you better understand the language used in insurance policies.

Paid-Up Additions

Paid-Up Additions

Additional insurance purchased by participating policy dividends on a net single premium basis. The premium is determined by the insured's attained insurance age at the time additions are purchased.

We hope the you have a better understanding of the meaning of Paid-Up Additions.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here