As November comes to an end, something on the minds of participating whole life carriers and policy owners is dividends. For carriers, they may be wondering what the new dividend rates are, particularly in the face of the coronavirus pandemic. But consumers might be asking a different set of questions: What can you do with your expected dividends? And, why are dividends so important anyway? Well, now more than ever, people are looking for additional streams of income while also seeking out ways to protect themselves from unforeseen events. This is why a participating life insurance policy, which pays dividends to the policy owner that is generated from the profits of the insurance company, might be an attractive option.
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