How Does Ordinary Life Insurance Work? 
Usually Ordinary Life is an antiquated adjective description of participating whole life insurance . Participating whole life insurance does n't not disclosure the moving mortality components of the policy as does universal life insurance . But being said , the life insurance company declares an annual dividend , which by definition is a return of unused premium . The dividend can purchase a variety of policy options and riders like term insurance , paid up insurance , premium payments , limited payments , reduced paid up , etc. . 