What is participating life insurance?

Participating life insurance provides a combination of permanent life insurance (whole 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 on time.

The policy is also eligible to receive dividend payments, which you can use to buy additional coverage or reduce your annual premium. You can also leave them on deposit to earn interest or take them in cash. Dividends are not guaranteed.

Getting Started

  • Is participating life insurance right for you?

    Participating life insurance is an excellent solution if you are:

  • Looking for lifetime protection and significant savings potential
  • Interested in innovative ways to save for retirement or to more effectively make plans for your estate
  • Concerned about the effect of inflation on your death benefit

Support questions

Related resources

Types of participating life insurance:

Sun Par Protector II

Sun Par Protector II provides permanent life insurance protection combined with long-term cash value and death benefit growth.

Learn more about Sun Par Protector II

Find an advisor

Sun Par Accumulator II

Sun Par Accumulator II provides permanent life insurance protection, with a focus on higher cash values over the short term, while still providing long-term cash value and death benefit growth.

Learn more about Sun Par Accumulator II

Find an advisor

Sun Par Accelerator

Sun Par Accelerator provides permanent life insurance protection that's guaranteed to be fully paid-up in eight years, while providing high cash values over the short term, as well as long-term cash value and death benefit growth.

Learn more about Sun Par Accelerator

Find an advisor

Get participating life insurance

  • Step 1
    Find an advisor

    An advisor can help you determine the right life insurance for your needs. Talk to your advisor or find one near you to help answer your questions – there is no cost to talk to an advisor.

    Find an advisor

    How advisors help

  • Step 2
    Meet with your advisor

    To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. And because your advisor will need a lot of information to help recommend the policy that's right for you, get together some basic information about your income, assets and liabilities.

  • Step 3
    Apply for coverage

    Your advisor will handle the paperwork for you. You'll need to submit an application for a policy that will be evaluated by the insurance company. Depending on your age and the type and amount of coverage you want, you will need to answer a medical questionnaire. We may also ask you for additional medical or financial information.

  • Protect your savings with critical illness insurance

    A serious illness can put your finances as well as your health at risk. Critical illness insurance can help offset the cost of a major illness.

    Learn more about critical illness insurance