With the Toronto index losing 9% in just the last three sessions and the Dow shaving off 635 points in one day, the recent economic turmoil has caused many Canadians to re-examine their investments and assets.
However, life insurance can look very attractive during volatile markets or recessionary periods and doesn’t need to be re-evaluated because, when life insurance is compared to other no-risk or low-risk investments, the internal rate of return can be favourable. Many permanent life insurance policies in Canada offer guaranteed premiums and the proceeds are paid out tax-free. The only variable is when the proceeds will be paid.
The internal rate-of-return on many permanent policies can range from 5% to 11%, and many life insurance companies have recently raised the premiums or are in the process of raising the rates on these policies in response to historically low interest rates.
However, a few companies have still kept their premiums level, and this offers a very favourable environment for purchasing a fully-guaranteed, non-participating whole life policy.
For more details on permanent life insurance, or for a customized quote, please contact us at 1 – 705 – 740 – 9909
It has been a tradition of IFG to have ongoing learning sessions to educate our clients. Our next learning session will be held on December, 1st. 
Buying life insurance is one of the most unselfish decisions a person can make. With the proper planning and budgeting one can be covered inexpensively.