Participating Life Insurance
At Great-West Life, we believe participating life insurance offers consumers important advantages and choice as part of a sound financial security plan. We are committed to maintaining choice and flexibility for clients and financial advisors.
While some companies have withdrawn from the participating life insurance market, we will continue to be a leader in this area. We believe in participating life insurance and know the value it has delivered to participating policyowners.
Participating life insurance policies are built on a foundation of guaranteed values, such as basic premium, basic coverage, guaranteed portion of cash values and guaranteed portion of reduced paid-up values. These guaranteed values are determined using long-term assumptions for factors such as investment returns, mortality, expenses, lapses and taxes.
The 30-year average annual dividend scale interest rate was 9.9% for the period from 1980 to 2009. The 2010 dividend scale interest rate is 6.9%. You can learn more about the dividend scale interest rate in the Participating Life Insurance Financial Facts.
When you purchase participating life insurance, the premiums you pay are credited to an account called the participating account with funds from other Great-West Life participating policies.
The opportunity to earn policyowner dividends is unique to participating policies. Participating policyowners share in the success of the pool of participating policies through the payment of policyowner dividends.
Find the current rates and values for participating life insurance.
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