What is a participating life insurance policy?

What is a participating life insurance policy? 


A) Agreement that allows two or more beneficiaries to share in the death benefit
B) Contract that gives beneficiaries the right to participate in any dividends
C) Contract that allows the policyowner to receive a share of surplus in the form of policy dividends
D) Agreement that insures two or more lives


Answer: C) Contract that allows the policyowner to receive a share of surplus in the form of policy dividends

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