A Non-Participating Life Insurance Policy is distinguished by:

A Non-Participating Life Insurance Policy is characterized by its lack of involvement in the surplus earnings of the insurance company. This means that policyholders do not receive dividends, which are typically offered by participating policies to share in the insurer's profits. Non-participating policies have a predetermined premium and death benefit structure, making them straightforward in terms of what the insured can expect over the life of the policy. This clarity and stability in pricing can be appealing to individuals who prefer fixed expenses and predictable benefits.

In contrast, participating policies allow policyholders to share in the company's profits, leading to potential dividends that can enhance the policy's value. Other features, such as permanent coverage and flexible payment options, can pertain to both types of policies but are not exclusive to non-participating policies. The defining characteristic here is the absence of dividend participation, which is central to understanding the distinction between participating and non-participating life insurance.