Permanent life insurance

One of the main purposes of permanent life insurance is to fund funerals. funerals costs can be a significant burden, and permanent life insurance provides you with peace of mind that everything will be carried out according to your wishes, with the costs covered by your life insurance.

Permanent life insurance provides you with the certainty of leaving a tax-free capital inheritance to our loved ones.

Permanent life insurance is often used as a tool for estate planning. The death benefit can be used to cover estate taxes, provide an inheritance source to beneficiaries, or facilitate the orderly transfer of wealth.

Permanent life insurance allows company owners to fund the cross-purchase of shares through permanent life insurance. This procedure aims to prevent the transfer of shares to an unwanted shareholder.

Unlike term life insurance, where premiums increase with age at contract renewal, permanent life insurance premiums never increase.

The cash value is a money value attached to permanent life insurance, that increases over time . This cash value this accessible, and you can make withdrawals or loans as needed under certain conditions.

You can choose to pay your policy over an accelerated period, typically ranging from 8 to 20 years. At the end of the payment schedule, the policy is considered liberated, and you become the full owner of your insurance policy.

Permanent life insurance also gives you the opportunity to invest a portion of the premium in tax-free investments. The generated returns are tax-free, and you can use them as you see fit.