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Permanent life insurance

What is permanent life insurance?

Permanent life insurance is often called whole life insurance because it covers you for your whole life. It gives your beneficiaries a tax-free payment after you die. Some plans can build cash value over time.

Permanent insurance costs are usually guaranteed not to increase from the time you first buy the policy. And some permanent insurance plans let you pay for a limited time and then never again. Universal life and participating life are other forms of permanent life insurance that you may want to consider.

Getting Started

  • Is permanent life insurance right for you?

    Permanent life insurance may be a good choice if you are:

  • Interested in lifetime coverage, and premiums that don't change
  • Looking for a permanent guarantee that will help protect your family, cover the cost of your funeral and let you make plans for your estate

Support questions

Related resources

Types of permanent life insurance:

Sun Life Go Guaranteed Life Insurance

  • Life insurance that lasts your lifetime
  • You’re guaranteed to qualify for $5,000 to $25,000 of life insurance
  • No questions asked about your health; apply online in just minutes

Learn more about Sun Life Go Guaranteed Life Insurance

Get a quote on Sun Life Go Guaranteed Life Insurance

SunSpectrum Permanent Life II

  • SunSpectrum Permanent Life II provides straightforward lifelong insurance 
  • This product is particularly well suited to people who want guaranteed protection for life but are not interested in actively managing their coverage

Learn more about SunSpectrum Permanent Life II

Find an advisor

See how permanent life insurance works: 

Get permanent life insurance

Permanent life insurance can be a key part of your financial plan. Speak with an advisor to determine the right life insurance for your needs or get a quote online.

  • Get a quote online

    It's really easy to apply for Sun Life Go Insurance online. Get a quote online or read more about the products above.

    Get a quote

  • Speak with an advisor

    Get a quote on SunSpectrum or Sun Permanent Life Insurance through your advisor, or find an advisor near you. There’s no cost to talk to an advisor.

    Find an advisor

  • Get more protection with critical illness insurance

    Backing up your permanent life insurance policy with critical illness insurance gives you and your family more protection, whatever your future holds.

    Learn more about critical illness insurance