Participating life insurance
Participating life insurance, also known as whole life insurance with dividends or par insurance, is a type of permanent life insurance policy with cash surrender Value and a savings component.
benefits of participating life insurance
Tax-free investments
Part of your premium is invested in a separate fund by the insurance company. The company distributes tax free dividends to all fund participants.
Cash Value
A portion of the premiums paid into a participating life insurance policy is set aside and invested by the insurance company. Over time, this cash value grows, and policyholders can access it during their lifetime. They can borrow against it or withdraw funds, but this may affect the death benefit.
Guaranteed Cash Value
Participating life insurance policies typically have a guaranteed minimum cash value, ensuring that the policy will always have some cash value even if the investments don't perform well.
Frequently asked question
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