Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 21, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Many life insurance companies offer participating or non-participating whole life insurance policies
  • A non-participating whole life policy can be more affordable but won’t earn dividends from the insurer
  • Most companies that offer participating whole life policies are larger companies or mutual companies

If you’re interested in finding affordable whole life insurance quotes, you may be on the hunt for life insurance companies that offer non-direct participation whole life policies.

Who wouldn’t want to save money on life insurance? Throughout this article, we’ll break down how to get whole life insurance quotes online, understanding cash value, and life insurance dividends.

In a few moments, you’ll have everything you need to identify life insurance companies that offer non-direct participation whole life policies. For now, enter your ZIP code to get free quotes from top life insurers near you.

What is the difference between non-direct vs. direct participation whole life insurance?

Whole life insurance is vastly different from the more traditional term life insurance policy. Whole life insurance is a form of permanent life insurance that accrues cash value instead of relying solely on a death benefit.

What is whole life cash value? Cash value is money that is collected with your monthly or yearly life insurance bill but is allocated to a separate account, similar to a saving account.

The idea is that the cash value will slowly accrue interest and with some policies, dividends on that cash value. To supplement, some life insurance companies allow policyholders to withdraw cash value if there’s an emergency.

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How can I access cash value? This will depend on your life insurance provider, but there are different methods. In some cases, you may be able to access the cash value directly while in other cases you might take a loan out on the policy.

This is where it can be important to understand the difference between participating and non-participating whole life insurance policies. In short, a participating policy is the traditional version of a whole life insurance policy.

What does this mean for you? According to the National Association of Insurance Commissioners, a participating whole life insurance policy allows policyholders to share and earn dividends from an insurer.

With this added flexibility comes an added expense. A non-participating whole life insurance policy doesn’t provide dividends to the policyholder but does tend to be more affordable in comparison.

What are the top whole life insurance companies for cash value?

Many of the most popular life insurance companies offer whole life insurance. The life insurance companies that don’t offer non-direct participation whole life policies will usually offer direct participation policies and will market them.

This includes many large insurers such as:

  • Foresters
  • MassMutual
  • MetLife
  • Minnesota Life
  • Penn Mutual
  • SBLI
  • State Farm

On the other hand, those that offer non-direct participation whole life policies usually don’t market them. This also includes many well-known insurers, but many of which are smaller and arent’ considered mutual companies.

Examples of companies that offer non-participating whole life insurance include:

  • Allstate
  • Cincinnati Life
  • Farmers
  • John Hancock
  • Nationwide
  • USAA

The best dividend-paying whole life insurance companies will come down to those that offer participating whole life insurance since those companies do pay dividends to policyholders.

A whole life insurance dividend calculator can help you better predict your whole life dividend history. Life insurance calculators can help you determine expenses, dividends, and more.

You can expect your performance history to be quite different between a participating and non-participating whole life insurance policy. Both policy types do offer a sense of stability with cash value accruals.

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Buying Non-Participating Whole Life Insurance: The Bottom Line

Whole life insurance always builds cash value while continuing to offer a death benefit. A non-participating whole life policy is cheaper but doesn’t offer dividends as a participating whole life policy does.

By now, you should know whether you want to shop with life insurance companies that offer non-direct participation whole life policies. To get started, enter your ZIP code to get free quotes from top insurers near you.