What type of insurance policies are issued by companies owned by stockholders that do not pay policy dividends?

Non-participating policies are issued by insurance companies that are owned by stockholders. Unlike participating policies, which are typically issued by mutual companies and pay dividends to policyholders, non-participating policies do not offer such dividends. The profits from non-participating policies benefit the stockholders of the company rather than the policyholders. This structure means that policyholders can expect to pay premiums that are more stable and predictable, but they miss out on potential dividends that come from the insurer’s profits. This type of insurance can provide straightforward coverage without the complexities associated with dividend distributions, making it appealing for those seeking a simple policy structure.