If you are talking about Life Insurance, Paid Up, means the Life Insurance no longer needs Premiums paid as it is all paid up to sustane the policy for the duration chosen.
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
A life insurance policy becomes paid up when all premiums as defined in the policy bond have been paid in full.A life insurance policy ought to be paid up before maturity for smooth disposal of maturity amount to the policy holder or its nominee. Premiums for a life insurance policy should be paid up for a minimum period of 3 years to attract surrender value.
"Paid up" is actually the terminology used in the insurance industry when describing a policy that no longer requires any premiums. When a policy is "paid up", there are no further premiums required for the policy to continue on for what should be lifetime. This can only occur with permanent forms of Life insurance such as Whole Life, Universal Life and Variable Universal Life.
It's not interest but Bonus and now technically called Guaranteed Addition is added to the paid up value of a life insurance policy.But Loyalty Addition, Financial Additional Bonus (FAB) are paid at the time of maturity.
If you are talking about Life Insurance, Paid Up, means the Life Insurance no longer needs Premiums paid as it is all paid up to sustane the policy for the duration chosen.
A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.
I have 3 paid up policys with kentucky life insurance where are they now.
The term you are looking for is "paid-up additions" or "paid-up additional life insurance"
A life insurance policy becomes "fully paid up" when the company tells you no more premium payments are due.
A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.
A life insurance policy becomes paid up when all premiums as defined in the policy bond have been paid in full.A life insurance policy ought to be paid up before maturity for smooth disposal of maturity amount to the policy holder or its nominee. Premiums for a life insurance policy should be paid up for a minimum period of 3 years to attract surrender value.
no it is not
"Paid up" is actually the terminology used in the insurance industry when describing a policy that no longer requires any premiums. When a policy is "paid up", there are no further premiums required for the policy to continue on for what should be lifetime. This can only occur with permanent forms of Life insurance such as Whole Life, Universal Life and Variable Universal Life.
The Dividend Option Term (DOT) rider provides term insurance that helps you get additional death benefit protection at an affordable cost. The DOT rider works in conjunction with the "paid-up additions" dividend option, which applies any dividends earned to automatically purchase more paid-up life insurance. Paid-up insurance means that, once purchased, you won't pay a premium for this additional coverage. As the amount of paid-up life insurance increases, the amount of term insurance provided by the rider decreases.
I have a insurance from federal group life insurance retirement plan .I like to know if they are in business
I need to check on the State Capital Life Insurance paid up policy?