What Are Paid Up Additions In Life Insurance? 
This is one dividend option that is available on a Whole Life policy . You can talk to your Insurance Professional about what option best meets your needs , but a policy like this credits dividends on an annual basis calculated at the policy 's anniversary date . You can choose to take them as cash , allow them to just accumulate or have them purchase `` paid up additions '' which are in effect little additional amounts of coverage that increase the original death benefit that you chose . 