Clients looking for a tax-effective alternative to a low-risk portfolio, life insurance is an option worth considering. When we think of investment asset classes, we usually think of stocks, bonds and cash investments. But permanent life insurance that stays in place for a client’s lifetime, not only providing ongoing life insurance protection, it can produce better rates of return than more traditional, conservative purchases like GICs or government bonds. It can provide significant benefits such as a tax-free death benefit, tax preferred cash value growth, possible avoidance of estate and settlement costs such as probate fees.