Canada Life Assurance Company

As long as you keep your premiums paid, life insurance will give tax-free money to anyone you appoint. You can plan how to use various insurance types and how to make them work. You do not need it only to take care of your family when you die. It might be part of your financial planning. Moreover, you might be able to access your policy funds when you are still alive, depending on the kind of coverage you chose. Permanent insurance usually costs more than term insurance, but this is not always the case. There are numerous factors that can determine how much your policy will cost.