What is a participating life insurance policy?

 An insurance contract that provides dividends to the holder is a participating life insurance policy. Dividends are normally paid out annually for the policy duration and are based on the insurance company's profits that sold the policy.

Most policies also include a last or terminal payment when the contract expires. A guaranteed dividend amount, determined at the start of the policy, may be part of some participating plans. A with-profit policy is another name for a participating policy.


Original Source:- https://www.quora.com/What-is-a-participating-life-insurance-policy/answer/Ranjit-Singh-3890/log

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