A family of Microsoft word processing software products for creating web, email, and print documents.
This isn't an add-in issue so starting Word in Safe Mode, as advised in this thread, is a waste of your time. Text highlighting doesn't work like the Bold or Italic format does. It's a format that's intended to be used after you've typed text, much like you would a real highlighter. When you turn it on, it's locked in for multiple uses.
After you've typed all of your text, click the Highlighter to turn it on, select the text to highlight, select the next, and so on. When you're done, press Esc or click Stop Highlighting.
For single use, select the text you want to highlight and then click the Highlighter.