You do not pay any income tax on interest and dividend income.
Thanks to the guaranteed death benefit, your surviving dependents are also well protected. Your surviving dependents receive the market value of the certificate or 101% of the invested funds as a minimum.
Your private assets are protected thanks to bankruptcy privilege. If you name your spouse, registered partner or children as beneficiaries, the life insurance will not become part of the bankrupt’s estates in the event of your firm becoming bankrupt.