Pros and Cons of Whole Life Insurance (Canada)

❗Online Life Insurance Recommendation and Instant Quote❗ Compare Term Life Insurance Quotes Online in Seconds → http://bit.ly/3TWJLma Whole life insurance in Canada is a type of permanent life insurance that has both a death benefit and an "investment" component. There are many misconceptions as to what whole life insurance is and what the pros and cons of it are. In this video, we will break down exactly how whole life insurance works, who it's right for, and who it's terribly wrong for. Timestamps: 0:00 Introduction 0:53 Term VS Permanent 2:29 Who is permanent insurance right for 7:19 Whole Life Insurance Basics 11:54 Pros of Whole Life Insurance 13:26 Cons of Whole Life Insurance 👩‍❤️‍💋‍👨IMPORTANT Insurance Videos for Canadians👩‍❤️‍💋‍👨 Life Insurance 101 In Canada →    • Life Insurance 101 in Canada | How Life In...   Term VS Permanent →    • Term VS Permanent Life Insurance (Canada)   Types of Life Insurance Explained →    • Types of Life Insurance Explained (Canada)   Is Life Insurance a Good Investment →    • Is Life Insurance a Good Investment? (Canada)   Mortgage Insurance Explained →    • What is Mortgage Life Insurance? (Canada)   🗂️IMPORTANT Tax Videos for Canadians🗂️ How Taxes Work in Canada →    • How Taxes Work In Canada - Canadian Taxati...   RRSP Explained (Complete Guide for Beginners 2022) →    • RRSP Explained (Complete Guide For Beginne...   TFSA Explained (Complete Guide for Beginners 2022) →    • TFSA Explained (Complete Guide For Beginne...   RRSP vs TFSA (Complete Guide for Beginners 2022) →    • RRSP vs TFSA (Complete Guide For Beginners...   🟦About Affinity Life🟦 Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate on an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned. #lifeinsurance #lifeinsuranceCanada 📣Follow Us on Social Media📣 Facebook →   / affinitylifeinsurance   Instagram →   / affinitylifecanada   LinkedIn →   / affinity-life