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Permanent Life Insurance
Lifelong protection for you and your loved ones.
With consistent premiums and a set inheritance amount for your loved ones, permanent life insurance helps you plan for the future.
Real-Life Examples: Why Life Insurance is a Vital Investment
- Mary a 60-year-old retiree living in Ontario, is thinking about her and her family’s future. She wants to cover her funeral expenses to make sure her loved ones aren’t left with a hefty bill.
- Ryan, father of two children: At the time of his death, the second residence he owns as a Quebec resident will be deemed to be sold and will generate a taxable capital gain. With his life insurance, he ensures that his children will have the cash available to pay the taxes at that time.
- Liz & Dave, parents of two children: This British Columbia couple in their thirties wants to leave a tax-free inheritance to their children. If needed, Liz and Dave also have the possibility to redeem all or some of the cash value, which could come in handy if life throws them a curve.
Our benefits
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What is the difference between term and permanent life insurance?
Term life insurance provides coverage for a specific period, while permanent life insurance covers you for life, with stable premiums and a guaranteed payout for beneficiaries.
Can I access the cash value of my permanent life insurance policy?
Yes, many permanent life insurance policies allow you to withdraw or borrow against the cash value if needed, giving you financial flexibility.
Is permanent life insurance taxable for my beneficiaries?
No, the death benefit from a permanent life insurance policy is typically tax-free, providing a financial inheritance without additional tax obligations.