Is Permanent Life Insurance Worth It in Canada?
Permanent life insurance is often worth it when there is a need for lifetime protection, tax-efficient wealth transfer, or long-term estate planning.
June 11, 2026
Permanent life insurance is often worth it when there is a need for lifetime protection, tax-efficient wealth transfer, or long-term estate planning.
Avoiding capital gains tax on a family cottage is one of the most emotional and financially sensitive parts of estate planning in Ontario.
What is a living trust in Canada? A living trust is a legal arrangement where you transfer assets into a trust while you are still alive.
In most cases, the best time to get permanent life insurance is when you are younger and healthy, because premiums are typically lower and insurability is stronger.
If you’re looking into holding property in trust in Ontario, you likely want to understand how it works and whether it’s the right choice for you.
Permanent life insurance provides lifetime coverage as long as the policy remains in good standing and premiums are paid according to the policy design.
When you inherit a house in Ontario, ownership is transferred to you according to the deceased’s will or estate plan.
Permanent life insurance requires a long-term commitment and typically comes with higher premiums than term insurance, especially in the early years.
Inheritance rules in Canada can be complex, but the good news is that most inheritances are tax-free.
What is the cost of a living trust in Canada? The cost of setting up a living trust in Canada typically ranges from $2,000 to $15,000 when done through a legal professional.