Co-Founder, Coastal Financial Partners Group, California
Participating whole life cannot guarantee policy dividends. Its relatively high premium is designed to be paid for life (in most cases, earlier in others) and is required to be paid each year. You may not skip a premium.
Dividends are never guaranteed. Dividends are a return of premium. They can stay in the policy by buying paid up additional life insurance. Such projected cash value from dividends will appear on illustrations as non guaranteed cash values. The basic cash values in the policy are guaranteed.
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Dividends are never guaranteed. Dividends are a return of premium. They can stay in the policy by buying paid up additional life insurance. Such projected cash value from dividends will appear on illustrations as non guaranteed cash values. The basic cash values in the policy are guaranteed.