A mutual insurance company is a type of insurance company that is owned by its policyholders. Unlike stock insurance companies, mutual insurance companies do not have stock that is available for purchase on the stock exchange.
A Participating Insurance Policy is a type of life insurance policy that pays dividends to the policyholder. These dividends are typically a share of the insurer's profits and can be taken in cash, used to reduce premiums, or reinvested back into the policy.
