Life insurance policies that have dividend payments are known as

Question

Quizplus · Accepted Answer

Participating life policies are also known as dividend-paying whole life insurance policies. These policies can pay dividends to policyholders based on the insurance company's financial performance, and the policyholders can use these dividends to pay premiums, cash out, or reinvest them to increase the policy's cash value. Term life policies, modified life policies, and renewable life policies do not have dividend payments.

Life Insurance Policies That Have Dividend Payments Are Known as