Participating whole life — the mid-year 2013 life insurance review

By Steve Savant

The most controversial product ever developed is participating whole life insurance. No other product causes so much derision and defending than this mystical dividend generation mortality machine. It is the most secretive unpackaged product that the financial and insurance community has ever known. It is the black box of classified components that can’t be disassembled, so it can’t be disclosed. And if it can’t be disclosed, it can’t be understood. Steve and Bobby try to untangle participating whole life insurance.