Recent fluctuations in the investment markets have prompted a resurgence in interest in permanent or whole life insurance among Canadians. Many are drawn to the idea of sidestepping the renewal process and paperwork associated with other investment vehicles. Additionally, investors are exploring this insurance scheme as a means of diversifying their portfolios.
Furthermore, permanent life insurance offers the advantage of serving as a tax-efficient fixed income investment option. But what makes permanent or whole life insurance a compelling investment? Let’s delve into the reasons outlined below.