Participating life insurance contracts are whole life insurance policies, typically from mutual insurance companies, though some stock companies do offer life insurance dividends. (insuranceandestates.com)
Mutual insurance companies operate in such a way as to maximize the value for the policyholders. (insuranceandestates.com)
If you're skeptical about tax free dividends, you shouldn't be... top mutual insurance companies have been paying these dividends for 200 + years through all manner of financial crisis. (insuranceandestates.com)