Combining guaranteed permanent protection with investment features, participating whole life insurance allows policyholders to share in returns from premiums invested in a pooled account managed by the insurer. Dividends paid from the account’s profits can then purchase additional coverage. However, dividends vary yearly and are not guaranteed. This guide helps investors understand participating policies, weigh benefits like potential growth against risks like volatility, assess suitability factors, review top insurers, and leverage these unique offerings.