A lifelong insurance plan that pays your beneficiary a tax-free benefit in the event of your passing. Cash value is the minimum amount of cash you have access to in your insurance coverage.
The best of both worlds
Build your wealth tax-free with lifelong insurance protection for your dear ones.
For your entire life
Protection that lasts a lifetime and guaranteed that your premium won’t go higher.
Cash value guaranteed
Your cash value is guaranteed to grow.
Share in the experience
You may be entitled to receive a dividend.
What is Participating Life Insurance?
A lifelong insurance plan that pays your beneficiary a tax-free benefit in the event of your passing. Cash value is the minimum amount of cash you have access to in your insurance coverage. When you access your cash value, your insurance payout is decreased. Over time, your cash value is guaranteed to grow as long as you continue to pay your premiums. Your funds are pooled in a separate account called the participating account with other policyholders. You may be entitled to receive a dividend annually.
Insurance protection for your whole life
Participating Life Insurance gives you lifelong coverage and access to cash over time.
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How does it work?
Is this the right insurance policy for you?
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Call 1 844-542-4678 to speak to our advisors.
Because of the policy guarantees, Participating Life Insurance can be more expensive than term and universal life insurance.
There are numerous factors that decide the cost of your insurance policy. beloware a few of the main coverage factors:
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Call 1 844-542-4678 to speak to our advisors.
Growth is guaranteed
Your cash value is guaranteed and grows and does not decline. The money can be accessed to use for purposes you deem fit. The only way the cash value reduces is to use the cash to take care of your financial needs.
Flexible access
You can access your insurance policy’s cash value in various ways. From using it as collateral to pay for a third-party loan to pay for your child’s education. Note: your coverage might be affected, and you also may have to pay taxes.
Participate in your account’s earnings
If your participating account performs better than you could have expected, Canada Life may distribute dividends from these earnings. The dividends can be used in various ways, like:
Participating account investment reports
Canadian Equity Fund (SRA) SF274
Further information
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