Whole Life

A Canadian woman in her 60s, pondering if, as a senior, she should cancel her life insurance.

Ask a Planner

Should seniors cancel their life insurance policies?

At what point do we no longer need life insurance? You will find the answer by going back to...

Should seniors cancel their life insurance policies?
A wealthy older man reads his insurance policy

Retired Money

Infinite banking in Canada: Should you borrow from your life insurance policy?

The “Infinite Banking Concept” is gaining popularity with Canadian retirees—but it’s not right for everyone. Here’s how this leverage...

Infinite banking in Canada: Should you borrow from your life insurance policy?
Man is reading the T5 from cashing in his whole life insurance policy, and checking his notes from when he bought it.

Ask a Planner

How to calculate the taxable amount for a cashed-in whole life insurance policy

Is a whole life insurance cash value taxable? Spoiler: Yes. But find out how to calculate the taxable amount....

How to calculate the taxable amount for a cashed-in whole life insurance policy
A young family sitting together on a bed laughing, 'cause life's good!

Life Insurance

How does life insurance work?

It’s a task that can easily end up on the back burner, but it’s well worth taking the time...

How does life insurance work?

Advertisement

Advertisement

A man standing in a field considers whether he needs life insurance, while holding his young daughter in his arms

Life Insurance

5 reasons to buy life insurance—right now

An effective financial plan goes beyond saving and investing. Life insurance can also be a key element in achieving...

5 reasons to buy life insurance—right now
A woman stands under an umbrella in the rain

Life Insurance

Do I really need life insurance?

Purchasing a life insurance policy is considered good planning and, for some, the pinnacle of “adulting.” Here’s how to...

Do I really need life insurance?
Three young children smile and hug each other

Life Insurance

Life insurance for kids: Do you really need it?

Children’s life insurance isn’t for everyone. But it can protect you financially from the unthinkable and make holding a...

Life insurance for kids: Do you really need it?
Three generations, with a grandma, new mom and baby, embracing in a hug

Life Insurance

What is whole life insurance?

Here’s everything you need to know before deciding if a whole life insurance policy is the right policy for...

What is whole life insurance?

Advertisement

Ask MoneySense

Should we cash in our whole life policies and invest?

Whole life is like a GIC with free life insurance if held long enough

Should we cash in our whole life policies and invest?

Advertisement