A model for the valuation of traditional participating life insurance policies is set up.

对传统的参加寿险保单的估价建立了模型。

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Participating life insurance can be decomposed into three parts:a fixed-income bond, a bonus option and a surrender option.

分红型人寿保险保单可以视作由三部分构成：固定收益债券、分红权和退保权。

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ICLIC has launched more than 20 insurance products, including traditional life, endowment, medical care, critical illness, individual personal accident and participating insurance.

自开业以来，首创安泰人寿已先后推出了涵盖寿险、两全险、医疗险、重大疾病保险、意外伤害险、分红险等近20种产品。

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Advisors need to do a better job of educating clients about that, and about vehicles like old fashioned participating whole life insurance that shifts the risk in our lives away from us to an institution mutually owned by its policyholders.

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Instead of tying up precious cash in investment products that have risk and might not be there for that rainy day or college tuition, advisors should be teaching the value of saving, and showing them all the options, including participating whole life insurance.

FORBES: How Wall Street Unloads Its Risk On Unsuspecting Savers

Up until the advent of universal whole life, the predominant form of life insurance for the middle class was participating or mutual whole life, where policyholders are treated as mutual owners of a non-public insurance company.

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