Participating life insurance



What is participating life insurance?


Protection for your family and assets to reach your long-term goals

Participating permanent life insurance provides a combination of permanent life insurance protection and an opportunity for tax-preferred cash value growth. The base insurance protection is guaranteed for life, as long as you pay the premiums when they are due.


We offer two participating permanent life insurance plans.

  Sun Par Protector Sun Par Accumulator
  Sun Par Protector provides higher long-term total cash value and total death benefit to meet estate planning needs. Sun Par Accumulator provides you with the comfort of higher cash values in exchange for modest long-term growth.
Who is it for?

Sun Par Protector may be the right solution for you if you:

  • want long-term cash value and death benefit growth
  • are interested in making sure that your estate transfers intact to your beneficiaries
  • would like to access the cash values in the future to supplement your retirement income

Sun Par Accumulator may be the right solution for you if you are:

  • interested in accessing the cash value in the early years to bridge a retirement income gap, while ensuring that there is a death benefit in place to protect your estate
  • a small business owner and need to protect your business from loss due to your untimely death, while providing the flexibility to meet the changing cash flows of your business
Premium payment options

Choose from three premium payment options:

  • Life pay
  • 20 pay
  • Pay to age 65

Choose from two premium payment options:

  • Life pay
  • 20 pay
Coverage options
  • single life
  • joint first-to-die
  • joint last-to-die, premiums to the last death
  • joint last-to-die, premiums to the first death
  • single life
  • joint first-to-die
  • joint last-to-die, premiums to the last death
  • joint last-to-die, premiums to the first death
Minimum amount $50,000 $500,000
Maximum amount $10,000,000 $10,000,000
Dividend options

You also have the opportunity to choose from five dividend options:

  • paid-up additional insurance
  • enhanced insurance
  • annual premium reduction
  • dividends on deposit
  • cash payment

The choice you make in both the premium payment option and the dividend option will affect the values in your policy.

You also have the opportunity to choose from four dividend options:

  • paid-up additional insurance
  • annual premium reduction
  • dividends on deposit
  • cash payment

The choice you make in both the premium payment option and the dividend option will affect the values in your policy.
Included benefits
  • guaranteed cash values that typically begin at the end of year five
  • policy loans
  • withdrawals
  • Living benefit

More details
  • guaranteed cash values that typically begin at the end of year one
  • policy loans
  • withdrawals
  • Living benefit

More details
Options you can choose
  • plus premium benefit
  • term insurance
  • child term insurance
  • accidental death benefit
  • total disability
  • owner waiver on disability
  • owner waiver on death
  • guaranteed insurability benefit
More details
  • plus premium benefit
  • term insurance
  • child term insurance
  • accidental death benefit
  • total disability
  • owner waiver on disability
  • owner waiver on death
  • guaranteed insurability benefit

More details
More information Sample policies Sample policies

This information may help you better understand your participating policy.

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