Permanent Insurance

Permanent insurance stays with you until death; premiums are guaranteed to remain the same throughout your life. Unlike temporary term insurance, permanent insurance is with you your entire life and always pays a benefit to your beneficiaries and is a valuable tool in estate planning. You can use a permanent life insurance policy to ensure that your surviving spouse and dependent children have access to the funds they need to maintain their quality of life when you pass away. Your heirs can also use the benefits payable to them to help cover the capital gains tax on any assets you leave them in your Will—for example, a cottage or other vacation home.

The main benefit of permanent life insurance is that it provides you with insurance coverage for as long as you live—at the same guaranteed rates.