为了这种保险可以持续生效,你每年都要缴纳保费,保费不产生现金价值

This is insurance that you pay each year for insurance in that year and it does not build a cash value.

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通常在第一年之后，保险单就会开始增加现金价值。

Generally after the first year, the policy begins to increase cash value.

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我们将向保单持有人退还该被保险人的现金价值。

We will return to the policyholder the cash value.

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Whole life" is more complicated because it builds a cash value according to a schedule and there is both non-participating and participating.

终身人寿保险则更为复杂,因为它会按照购买计划产生现金价值,其中又分为非参与式分红保险和,参与式分红保险两种

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With non-participating--with participating, you are participating in the portfolio outcome that the insurance company is experiencing, so you have some uncertainty about your cash value.

所谓参与式分红保险,是指你的收益来自某个投资组合收益,而这个投资组合是由保险公司来管理的,所以保单的现金价值是不确定的

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