Looks like you’re using an older version of Internet Explorer. To use Great-West Life.com, please update your browser.
© Great-West Life 2009 - 2017
Participating life insurance offers lifelong insurance protection, with an opportunity for tax-advantaged cash value growth.
Participating life insurance offers insurance protection with the potential to grow money tax-free within legislative limits inside your policy over time (called cash value). The insurance is in effect for your entire life, as long as you pay the premiums when they’re due. The amount of coverage and annual cost are guaranteed for life and you are eligible to receive dividends, which can be used to buy more coverage, reduce your annual premium payments, earn interest inside the policy or be taken out as cash. Any cash values withdrawn from the policy may be subject to tax.
When you purchase participating life insurance, the premiums you pay – along with the premiums of other Great-West Life policyowners – go into an account called the participating account. Great-West Life manages this account, investing in assets to help increase its value and use it to pay death benefits and any dividends. If the participating account performs better than expected, dividends may be awarded to policyowners and can be used however you see fit.
As long as you pay the required premiums you will always be insured.
Accumulate tax-advantaged cash value that you can use to help you achieve your goals like supplementing your retirement income, helping to pay for your children’s education or to help fund starting your own business.
Money from your insurance can go to beneficiaries tax-free when you die. This money can grow over time tax-free within legislative limits, allowing you to leave a larger legacy for family, friends or your favourite charity.
Not feeling confident in your finances? You can talk to one of our financial security advisors who will work with you to craft a financial plan tailored to your needs.
Contact an advisor