Part II Stock Vs Mutual Insurance companies

First, let’s ask ourselves which is better to own a policy (permanent) from a Stock company like Great West Life or a Mutual company like Equitable Life.

To take a step back imagine you bought a participating whole life policy which uses dividends to buy more life insurance and growing the cash value tax-free.

Great West Life, Sun Life, Canada Life are Stock companies that are traded on the TSX daily.  They answer to the shareholders.

Mutual Life insurance company like Equitable answer to you.

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