Permanent life insurance
It’s guaranteed lifelong coverage that protects the people you care about. But it’s more than just insurance. Over
What is permanent life insurance?
It’s guaranteed lifelong coverage that protects the people you care about. But it’s more than just insurance. Over time your policy can build value you can access for cash during your life, with certain tax implications.
You can access money in your policy through a loan or a withdrawal. And when you die, the people you’ve chosen receive a tax-free payment, similar to term life insurance.
Permanent life insurance
It’s guaranteed lifelong coverage that protects the people you care about. But it’s more than just insurance. Over time your policy can build value you can access for cash during your life, with certain tax implications.
Protection for life
Your life may change but your coverage won’t. Help provide lifetime financial security for your loved ones, while building your wealth..
It’s yours for life
Comfort knowing you’re protecting the things that matter most.
A brighter future for your kids
Help pay for college or university.
Retirement income
Build your savings to help live the life you want.
What types of permanent life insurance are available?
Both participating and universal life offer lifetime coverage and the opportunity for tax-free cash growth, but they’re structured differently.
Participating life insurance:
- Guaranteed cash values
- Guaranteed insurance payout
- May pay a yearly dividend
- Premiums stay the same
Universal insurance:
- Guaranteed cash values on some policies
- Choose your investment options
- Generally less expensive than participating life insurance
- Flexibility in premium payments
