Permanent Life
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Permanent life insurance provides lifelong coverage, ensuring your loved ones receive a tax-free payout when you pass away.

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Permanent Coverage

Life Insurance For Lifelong Protection

A lifetime insurance plan that secures your family's future and helps build long-term financial value.
Permanent Life Insurance Canada offers continuous coverage, ensuring financial security for your loved ones, no matter when the unexpected happens. Unlike term insurance, it doesn’t expire as long as premiums are paid. Many policies also include a cash value component, allowing you to build savings over time. Whether for estate planning, wealth transfer, or lifelong protection, Permanent Life Insurance provides peace of mind for you and your family.

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Why Choose It?

Why Permanent Life Insurance Is a Smart Choice

Provides lifelong coverage, cash value benefits, and financial stability with flexible options to meet your needs. Best Permanent Life Insurance Canada isn’t just about protection—it’s an investment in your financial future. With guaranteed coverage, stable premiums, and potential cash value growth, it serves multiple financial purposes beyond a death benefit. Whether you need a tax-efficient way to leave an inheritance, cover estate taxes, or access funds later in life, this policy offers long-term benefits that term insurance cannot match.

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Insurance Options

Choose the Right Permanent Life Insurance Plan

Three types of permanent life insurance—each offering different benefits to fit your unique financial goals.

Term 100 Life Insurance Image

Term 100 Insurance

Simple, low-cost lifetime coverage with fixed premiums and no cash value.

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Whole Life Insurance Image

Whole Life Insurance

Offers guaranteed coverage and cash value accumulation for added financial security.

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Universal Life Insurance Image

Universal Life Insurance

A flexible policy with investment options and adjustable premiums to suit your needs.

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Frequently Asked Questions

Find Answers To Your Common Queries!

We get it—life’s unpredictable. Our FAQ section will clear up how permanent life insurance gives you lifelong coverage, cash value, and peace of mind when your family needs it most.

Permanent life insurance provides lifelong coverage as long as premiums are paid. It includes types like whole life and universal life insurance, offering a guaranteed death benefit and a cash value component that grows over time.

Cash value is a component of savings in permanent life insurance. It grows over time, often on a tax-deferred basis, and can be borrowed against, withdrawn, or used to pay premiums. However, accessing it may reduce the death benefit and have tax implications.

Common types include whole life, universal life, and term 100 life insurance. Each type offers different benefits and flexibility in premiums and investments.

The death benefit from permanent life insurance is generally tax-free in Canada. However, withdrawals from the cash value may be taxable if they exceed the initial premiums paid.

Premiums for permanent life insurance are typically fixed and remain the same throughout the policy's life, regardless of age or health changes. Some policies allow for limited payment periods.
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