If you wish to pay exactly the same premium each year, you would choose a participating policy.

Question

Quizplus · Accepted Answer

The premium for a participating policy is not guaranteed to remain the same each year, as it is based on the performance of the insurance company and the policyholder's share of the company's profits. A non-participating policy may offer level premiums, but it may not participate in any dividends or profits earned by the insurance company.

If You Wish to Pay Exactly the Same Premium Each