Participating Life Insurance
What is participating life insurance?
Participating life insurance provides a combination of permanent life insurance (whole life insurance) protection and an opportunity for tax-preferred cash value growth. The base insurance protection is guaranteed for life if you pay the premiums on time.
The policy is also eligible to receive dividend payments, which you can use to buy additional coverage or reduce your annual premium. You can also leave your earnings in yourpolicy to earn interest or the cash can be withdrawn. Dividends are not guaranteed.
Participating Life Insurance is beneficial if you are:
- Looking for lifetime protection and significant savings potential
- Interested in innovative ways to save for retirement or to make plans more effectively for your estate
- Concerned about the effect of inflation on your death benefit