When Permanent Life Insurance Makes Sense

Permanent insurance gets a bad rap, but most people don't realize it's one of the most

powerful financial tools in Canada if you use it the right way. I'm going to break

down exactly when it makes sense and how to actually leverage it beyond just the death benefit.

First, let's be clear. Permanent insurance isn't for everyone. But if you're thinking

long-term, have stable income, or you're building wealth beyond RRSPs and TFSAs,

this is where things get interesting. Unlike term insurance that expires, permanent insurance

covers you for life. But here's the kicker. It builds cash value that grows tax deferred, and you can access

it while you're alive. There are two main types in Canada. Whole life is predictable.