Over time, the cash value of Permanent Life Insurance increases, providing lifelong coverage. While it’s more expensive than Term Life Insurance, it offers both a death benefit and a tax-deferred savings component.
Over time, the cash value of Permanent Life Insurance increases, providing lifelong coverage. While it’s more expensive than Term Life Insurance, it offers both a death benefit and a tax-deferred savings component.
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.