Although mutual companies are owned by the policy holders, stock companies who offer whole life products allow for participation and pay dividends to whole life policy holders in the same way. (insuranceandestates.com)
The 20 - pay whole life product is nearly identical to the Straight Life choice, however the payments are increased to allow the policy to be completely paid by the 20th policy anniversary. (bestliferates.org)
Because payments are lower during the first years, the cash value will also accrue at a slower rate, at first, compared to a level premium whole life product. (lifeant.com)