Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
life insurance
Should you buy life insurance to pay for tax owed upon death?
When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your...
Divorce and life insurance: How to make sure your family stays protected
If you’re going through a divorce, you have many financial decisions to make, including how to update your life...
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...
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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...
Critical illness and disability insurance in Canada
If you became ill or injured, how long could you keep paying for household costs, including your mortgage? Here’s...
Do you need mortgage life insurance?
Mortgage protection can be a good idea, if for instance you have a condition or illness that might make...
Critical illness insurance: Is it worth it?
A guide to critical illness insurance—why many Canadians are looking into this kind of insurance policy. Find out what...
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7 disability insurance myths to stop believing
Disability insurance can be a life saver if you’re seriously ill or injured. Here’s how it works.