Choosing the right life insurance policy is one of the most important financial decisions you’ll make. In this episode, we break down the differences between Term Life Insurance and Permanent Life Insurance in Canada, helping you understand which option aligns best with your financial goals, lifestyle, and stage of life.
We cover everything from how these policies work, cost comparisons, cash value benefits, tax implications, and key decision factors—so you can make an informed choice that protects your loved ones and secures your financial future.
If you’ve ever wondered whether term or permanent life insurance is the right fit for you, this episode is packed with expert insights to help you decide.
Episode Highlights
🎯 Term vs. Permanent Life Insurance – Key Differences Explained
💰 Cost Comparison – Why term life is cheaper but not always the best choice.
📈 Cash Value Growth – How permanent insurance can build wealth over time.
📜 Tax Benefits & Regulations in Canada – What you need to know.
⚖️ Who Should Choose Term vs. Permanent Insurance? – A decision-making guide.
🚀 Common Myths Debunked – What most people get wrong about life insurance.
Takeaways
✔️ If you need affordable, temporary coverage, term life is likely your best bet.
✔️ If you want lifetime protection with tax-advantaged savings, consider permanent insurance.
✔️ Understanding your financial goals and life stage is key to making the right choice.
✔️ Canadian tax laws make life insurance a powerful wealth and estate planning tool.