Compared with traditional life insurance, participating life insurance has the following characteristics ().

Compared with traditional life insurance, with-profits life insurance has the following features: (1) While obtaining insurance protection, policyholders can enjoy the operating results of insurance companies through dividends. The Insurance Supervisory and Administration Bureau of the State Council stipulates that insurance companies should allocate at least 70% of the distributable surplus of the current year of participating insurance business to customers. (2) Customers bear certain investment risks. The amount of dividends that customers can obtain is closely related to the operating conditions of the insurance company. When the company's business condition is better, customers can obtain more dividend distribution; on the contrary, when the company's business condition is not good, customers can obtain less or even no dividend. (3) The actuarial assumptions of participating life insurance pricing are more conservative, i.e., policies are priced higher to generate more distributable surplus in the actual operating process.