Lifelong coverage with guaranteed values, cash value that grows tax-deferred within limits, and the chance of dividends, which you can use to buy more coverage, lower your premium, leave on deposit or take as cash. People often use it to cover taxes on their estate, leave a legacy, or add to long-term savings once their RRSP and TFSA are full. The trade-offs: premiums are much higher than term insurance, cash value grows slowly in the early years, and dividends aren’t guaranteed.
What are the advantages of choosing participating life insurance?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about participating life insurance
Permanent life insurance that can earn dividends, which you can use to add coverage, build cash value or lower your premiums.
More questions about participating life insurance
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