Participating life insurance

What’s the difference between participating and non-participating life insurance in Canada?

Participating policies can earn dividends from the insurer’s participating fund. Dividends aren’t guaranteed, but once one is credited to your policy, it’s yours. Non-participating policies don’t pay dividends: the premiums and benefits are set in the contract. Term life, term to 100 and universal life insurance are non-participating.

Reviewed by Garrett Agencies Ltd., October 2026. How we write

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More about participating life insurance

Permanent life insurance that can earn dividends, which you can use to add coverage, build cash value or lower your premiums.

Participating life insurance

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