Participating Life Insurance
Tailored to meet your highest expectations in permanent life insurance.
What is Participating Life Insurance?
Participating Life Insurance combines growth, flexibility, and stability in a permanent life insurance solution. It offers basic coverage with fully guaranteed premiums, an initial face amount, and a surrender value.
The key benefit is the ability to receive dividends that can enhance both the death benefit and the total cash surrender value. This not only protects and grows your estate but also provides access to liquidity and diversified investments.
How Does It Work?
It offers different payment terms to suit your needs, with fixed and guaranteed premiums payable over 10 years, 20 years, or until age 100.
Dividends are based on a scale rate that varies annually and can be used to:
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Enhance your paid-up insurance
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Reduce your annual premium
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Receive a cash payout
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Invest in an interest-earning account
With term life insurance, you can have peace of mind knowing your loved ones are protected. At the end of the term, you have the option to renew your coverage or convert it into permanent life insurance.
Tailored Insurance Solutions to Match Your Financial Goals
Depending on your financial objectives, there are two distinct strategies designed to maximize your wealth and secure your estate:
The Wealth Solution
The strategy focuses on maximizing your wealth by optimizing the long-term growth of your policy’s total surrender value and life insurance coverage. This approach is ideal for those who want their investment to appreciate over time.
This is the perfect solution if you are:
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A Parent or Grandparent
Looking to provide a solid financial foundation for your family with paid-up permanent life insurance that continues to grow.
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A Professional with Growing Income
Interested in maximizing long-term wealth in a tax-efficient manner with surplus cash.
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A Business Owner
Seeking a flexible permanent insurance solution with access to liquidity for future opportunities.
Advantages
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Maximize your wealth growth over your lifetime.
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Minimize the tax impact on your estate at the time of death.
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Generate a long-term source of liquidity.
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Provide a secure financial future for your children or grandchildren.
The Estate Solution
The strategies focuses on maximizing short-term growth by boosting the total cash surrender value in the early years of your policy, while also allowing for long-term estate growth.
This is the perfect solution if you are:
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An Incorporated Professional
Looking to generate a quick return on investment and ensure a tax-efficient wealth transfer.
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A Shareholder
Interested in diversifying assets and reducing taxes while meeting both personal and corporate insurance needs.
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A Business Owner
Wanting to benefit from high surrender values to finance investments while securing your estate's value.
Advantages
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Access short-term liquidity to reinvest in your corporation or income-generating assets.
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Achieve a quick return on investment.
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Strengthen your corporation’s balance sheet through asset diversification.
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Ensure long-term growth of your wealth and estate value.
Dividends
Dividends are based on an annually adjusted scale rate and offer multiple options for use:
- Increase Paid-Up Insurance: Boost your permanent life insurance coverage with no further premiums required.
- Lower Annual Premiums: Use dividends to reduce the amount you pay annually.
- Receive Cash: Access dividends as a source of liquidity.
- Invest in an Account: Earn interest on your dividends by reinvesting them.
As your needs evolve, you can switch between these dividend options at any time without the need for a medical exam.
Participating Life Insurance is an ideal solution for those looking to protect their families, grow their estates, and diversify their financial strategies. Let Finance with Yomi help you explore how this flexible and growth-oriented insurance can align with your financial goals.