What is participating whole life insurance?
Participating (par) whole life insurance has been marketed for many years in the U.S. The participating feature allows for the payment of dividends to policy owners when actual experience justifies such payment. Substantial amounts of participating whole life insurance is still sold today, principally by the large mutuals.
Related Questions
- Why is it better to have an irrevocable life insurance trust purchase alife insurance policy on the donor, rather than have the heirs themselves own a permanent life insurance policy with the premium paid by the heirs with gifts by the now- living donor?
- Are life insurance benefits considered part of a decedents estate?
- Do life insurance renewal commissions count as wages?
