Participating Whole Life Insurance

Permanent life insurance smiling husband and wife

What is Participating Whole Life Insurance?

It’s lifelong coverage that provides a tax-free payment to your beneficiary when you pass away.

Participating whole life policies also come with a tax-free investment account, known as the cash value, which you can access it whenever you need it. 

 

How does it work?

  • A participating whole life insurance policy lasts forever and does not increase in price.
  • It comes with a stable investment, with guarantees, that grows tax-free and you can access it any time.
  • If you pass away, your beneficiaries receive a tax-free payout.
  • You can pick a specific amount of insurance you need.
  • You have flexible payment options – monthly, annually or with an IFA.
  • Depending on your age and health, you may be able to get instant approval without providing medicals.
Business owner permanent life insurance with an open sign on his store

What can you use participating life insurance for?

  • Guaranteeing your family receives the money they need when you pass away
  • Providing your estate with liquidity and paying for the taxes owed in your estate
  • Emergencies
  • Retirement cash flow
  • Protection for your company
  • Charitable donations

How much does life insurance cost?

Several factors determine the price of term life insurance, including: 

  • Amount of insurance needed
  • Age
  • Health
  • Gender
  • Occupation

How do I apply for participating whole life insurance?

Call us: 1-888-673-8872

At MD Insurance, we have aligned ourselves with Canada’s best insurance companies to offer you an extensive range of coverage at affordable rates.