Mutual life insurance companies usually offer term life insurance policies and permanent life insurance policies.
This long - term focus means
mutual life insurance companies usually take a more conservative approach to investing their funds.
Not exact matches
Members of Fraternal
life insurance companies usually feel a greater connection to the community, then with stock or
mutual companies.
Let me educate you: RESP's in Canada include 60 + providers, most of which are banks and financial institutions (
life insurance & investment
companies) the majority of which will invest your savings into
mutual funds — there are no guarantees with these, your principal could be lost and your grant too & if your child doesn't pursue post-secondary education, you would have to pay the government grant back out of your own pocket — also the fees associated with these are called MER's (management expense ratios) which compund over time and will
usually eat up as much as 1/3 of your investment.
In the case of a whole
life policy, the investment that they use is
usually government bonds and if you go with a
mutual life Insurance company then you may also collect dividends based on the
company's yearly performance.
Participating whole
life insurance: This policy is
usually offered by
mutual insurance companies.
Participating policies,
usually issued by
mutual life insurance companies, pay a dividend in addition to your cash value if the
company performs well.