Why buy Permanent Life Insurance?
- Visit advisor profile page
- Advisor: First Canadian
- Posted on: July 15th 2009
- Categories:
Business and Professionals
- Tags:
* When the need is a permanent need.
* This form of coverage allows you to build value. You can create equity in these plans through dividend accumulation or by making deposits that will grow tax sheltered and tax deferred.
* Premiums are more expensive than term insurance but the equity and the permanent aspect of this kind of coverage is attractive to many.
* This form of insurance to the insurance savvy is a powerful tool that will serve as a great investment vehicle to those looking for Tax shelters and deferral programs. A fantastic compliment to an already maximized R.R.S.P.
* Like term insurance, permanent insurance products are not for everyone.
We all have different needs and budgets.
Remember, the best kind of insurance is the one that’s in force and there when your spouse, lending institution, business or estate needs it.