Permanent Life Insurance

Permanent insurance offers lifetime coverage. If you maintain your insurance until death, the amount paid to your beneficiary is tax free. In most cases, permanent insurance has a cash value, which is the amount available to you if you cancel your policy. It is sometimes possible to borrow against this cash value without cancelling your insurance.

• Repay your outstanding debts.
• Pay the taxes on inherited assets, such as a property whose value has increased over the years.
• Cover your funeral expenses.