Participating Whole Life Insurance
Lifelong coverage with growth through dividends
Participating (PAR) life insurance features include:
Permanent protection for your family that provides long-term growth and guaranteed cash values.
Coverage for your business that delivers protection and access to cash value.
Security for your retirement that develops early cash values, preserves your estate, or simply leaves a legacy for your family or a charity.
Eligible to receive annual policy dividends which can be used towards additional coverage.
Our PAR dividend scale interest rate is 6.00%.
Our participating permanent life insurance products
Whole Life - Pay to Age 100
Offers lifelong insurance coverage with guaranteed premiums that never increase, and at age 100, the policy becomes paid-up with continued coverage and no additional premiums.
20 Pay Whole Life
Ensures lifelong insurance coverage with fixed premiums for 20 years, after which the policy becomes paid-up and protection remains constant.
Building coverage with dividends - how it works
Participating Life Insurance combines lifelong coverage with potential dividends. Here’s how it works:
Policy ownership and dividends
- Policy owners of Whole Life plans are eligible to receive annual dividend payments.
- Your payments are pooled in a separate account called the participating account that is professionally managed.
- Dividend amounts are based on the performance of the participating account and are not guaranteed.
Choose from our flexible dividend options:
Dividend amounts are based on the performance of the participating account and are not guaranteed.
Paid-up additions
- Dividends can be used to purchase additional coverage without extra premiums.
- Any paid-up additions are permanent and will never expire or require additional premiums.
Left on deposit
- Any dividends credited to the policy are deposited into an account that earns annual interest at a pre-determined rate.
Cash payments
- Any dividends credited to the policy are paid directly to the policy owner as a single lump sum payment.
Is PAR insurance right for you?
Whole Life participating plans are available to individuals between 0 and 80 years old. This makes it a great option:
If you are looking for permanent protection options for yourself, your children or your grandchildren.
For small business owners who need life insurance protection and may need access to cash values. For example, Key Person coverage or for Buy/Sell Agreements between business partners.
Key features
Our Whole Life participating plans offer a range of advantages for individuals, families and businesses:
- Eligible to receive annual dividends towards additional coverage
- Policy Loans and Automatic Premium Loans available
- Builds cash value over time
- Premium payments don’t go up – no matter your age
- Access to the cash value of your policy
- Helps protect your loved ones – you can buy it on yourself or on others
- Tax-free growth of the policy’s cash value while inside the policy
Plan highlights
Whole Life plans provide flexible options that align with your unique circumstances. When building your plan, you have:
- Two guaranteed payment options: Whole Life 20 Pay and Whole Life Pay to 100
- Premium discounts for coverage amounts over $100,000
- Issue Ages 0 - 80
- Guaranteed Cash Values as early as year 5
Whole Life plans offer coverage ranging from $10,000 to $20,000,000, with optional riders including Accidental Death Benefit, Child Critical Illness, Child Protection Rider, Disability Waiver of Premium Benefit, and Mortgage Protection Benefit.
Juvenile Whole Life plans offer coverage ranging from $10,000 to $1,000,000, with an optional rider for the Death or Disability Waiver of Premium Benefit.