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Permanent Insurance

There are two main types of permanent insurance – Whole Life Insurance and Universal Life Insurance.

Whole Life Insurance provides a level premium and guaranteed death benefits. It is an excellent solution for long-term planning. The policy creates cash value over time which allows for flexible cancellation options. Furthermore, although coverage is life-long you can choose your payment period. You can purchase the policy in a predefined number of years and have it paid up at a young age.

Universal Life Insurance is a life-long product that has the added feature of a tax-sheltered investment account built in. Premiums are funded by the investment account, which accrues interest based on a managed portfolio.