Increasing Protection Death Benefit
Increasing protection pays a death benefit equal to your coverage amount plus your accumulation value.
It's a good choice when your coverage needs are likely to rise (due to a growing business or increasing estate value), or if your primary goal is tax-effective accumulation rather than insurance protection. This option may be right for you if you have maximized your Registered Retirement Savings Plan (RRSP) contributions and are looking for tax deferral opportunities. This option is especially recommended if you think you may want to withdraw money from your policy at any time before the death benefit becomes payable.