With this option attached to your whole life policy, you will be able to purchase additional paid up life insurance on any dividends earned. (termlife2go.com)
Historically, the company had recognized such amounts as an offset to accumulated excess tax benefits previously recognized in additional paid - in capital. (investors.macysinc.com)
Finally, the dividend payment can be directed towards the purchase of additional paid up whole life insurance. (lifeant.com)