Are you looking to plan your estate so you can leave more to your loved ones or benefit from liquidity to maximize your retirement income? Participating life insurance could be an excellent option for you and your family.
It’s a form of permanent insurance (providing coverage throughout your life) that allows you to protect your family while benefitting from a number of other advantages. It includes a basic coverage amount with a premium, cash surrender value and death benefit that are fully guaranteed. With this product, you can also receive dividends each year, which can be used to purchase paid-up additional insurance or reduce your annual premium. You can even put your dividends into a savings account with interest or receive them in cash, if you prefer.
Less well known than term or permanent life insurance (where liquidity is available at the end of a specific term or after your death, for example), participating life insurance has two major advantages:
This insurance product therefore offers a great deal of versatility to meet your personal needs and plans for the future.
It also offers advantages if:
As mentioned above, with participating life insurance, you have the possibility of receiving dividends each year. With iA Financial Group, you have four options for using your dividends:
Participating life insurance is a high-end product. It can be an ideal solution if you are:
Learn more about participating life insurance from iA Financial Group by contacting an advisor, who will assist you in planning your estate based on your reality and your needs.
In addition, since there are lots of life insurance products on the market and it can be hard to know which way to turn, visit our Advice Zone to learn more about how to choose life insurance and get details about the different kinds of life insurance available. Our article on understanding life insurance will also help you make the best choice based on your family’s profile.