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Participating Life Insurance

If you’re looking for lifelong insurance protection and the chance to build tax-advantaged cash value, participating life insurance may be right for you.

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Who is this for?

If your goals are to acquire protection for the rest of your life and the ability to build cash value to support your financial goals, participating life insurance may be the solution you’re looking for. As opposed to term life insurance – which only protects you for a set period of time – participating life insurance lasts your entire lifetime (so long as you continue to pay your premiums).

If you already have term life insurance, you can convert to participating life insurance without undergoing further medical examination. Your financial security advisor can tell you more about how this process works.

How will this help me?

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Participating life insurance will provide coverage for life. It’s simple: Keep paying the required premiums and you’ll always be insured. Money made available through participating life insurance can be paid to your named beneficiaries tax-free when you pass away, potentially making the process of settling your estate much easier for your loved ones.

Finally, the cash value of your participating life insurance policy can grow tax-advantaged over time (within legislative limits).* Overall, a participating life insurance policy can help protect you and your family while having access to cash values during your lifetime.

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