What is participating life insurance?
Participating life insurance is a form of whole life, that comes with the added benefit of dividends and shares in the profitability of the company that provides your insurance. Participating insurance is a good life insurance option for those who want permanent coverage with a tax-deferred investment. 1-800-731-2228
Is participating life insurance right for you?
If you’re looking for permanent coverage and able to pay a larger premium for a shorter period of time, like prepaying your entire life insurance in a 8-20 year period, participating life insurance may be a good fit. It’s also good for anyone who likes the idea of policyholder shares in their insurance company. Call if you have any questions. 1-800-731-2228
Participating life and other permanent life insurance compared
Whole | Participating | Universal | Term 100 | |
---|---|---|---|---|
Lifetime coverage | Yes | Yes | Yes | Yes |
Guaranteed premiums | Yes | Yes | No – Can increase or decrease to suit your budget | Yes |
Savings component | Yes | Yes – Dividend is based on the insurance company’s performance | Yes – Investment portfolio is customizable | No |
Cash value | Yes | Yes | Yes | No |
Learn more | Learn more | Learn more |