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.
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.