Participating Life.
Participating life insurance is a form of permanent life insurance that provides lifelong protection and guaranteed cash values, subject to the terms of the policy.
Premiums are pooled with those of other participating policyowners in a participating account managed by the insurer. The policy may also receive policyowner dividends based on the performance of the participating account and other factors.
Dividends are not guaranteed and can vary from year to year. Depending on the policy, they may be used to purchase additional insurance, reduce premiums or be taken as cash. Accessing policy values may have tax implications and can affect the amount ultimately paid to your beneficiaries.