This versatile coverage combines lifelong protection with a built-in savings component. It’s designed to meet your evolving needs while potentially accumulating cash value that can be used for various financial goals.
What makes participating life insurance special?
Think of it like a team effort! With participating life insurance, you become a part-owner of the insurance company’s investment pool. If their investments do well, you get a share of the profits – it’s called a dividend.
Your dividends, your choice
The best part about dividends? You get to decide how to use them! You can:
- Take them as cash: Get a little extra money in your pocket.
- Leave them to grow: Your dividends can earn interest and add to your policy’s value.
- Pay your premiums: Use your dividends to cover the cost of your insurance.
- Buy more coverage: Increase your death benefit and protect your family even more.
Why choose participating life insurance?
Here are just a few reasons why participating life insurance is a smart choice:
- Predictable Premiums: Your payments stay the same, even as you get older.
- Flexible Payment Options: Miss a payment? No problem! Your policy can often cover it automatically.
- Cash Value: Your policy grows over time, giving you a little nest egg you can access if needed.
- Guaranteed Death Benefit: Your loved ones get a guaranteed payout when you pass away.
- Potential for Growth: With dividends, your death benefit and cash value can increase significantly over time.
Let’s chat! Our easyLife experts can help you understand if participating life insurance is right for you. We’ll explain your options and make sure you get the best coverage for your needs.