Your Guide to Insurance

Infinite banking the idea that you can use your whole life insurance policy as you would a savings account at your bank. That’s because a whole life policy comes with an investment component where you can earn interest – and let that money you earned sit and grow. It can also be a spot you dip into when you need some extra cash. But is it only for the wealthy?

The best term life insurance policy in Canada is the one that’s “best for you.” That may sound obvious, but it’s typically not how people shop for coverage. Rather than looking for the cheapest option, consider your budget today and your needs and goals for tomorrow.

Buying a term life insurance policy is one of the easiest ways to provide financial security for yourself and your loved ones. You know exactly what you’re getting for your money, and what to expect if something happens to you.

Many homeowners find that term life insurance can provide the same level of confidence as mortgage life insurance, while also offering a host of long-term financial benefits that can’t be achieved with mortgage insurance alone.

If the idea of withdrawing money from your life insurance policy while you’re still alive sounds strange to you, you’re not alone. But the reality is, whole life insurance can act like a savings or investment tool, or even an emergency fund.

If you are covered under participating whole life insurance, or if you’ve ever done any research about the financial benefits of this type of policy, you would have likely come across the term “dividend” a few times. And, like many Canadians, you may have found yourself scratching your head at this term...

For many Canadians, the idea of using a whole life insurance policy as a long-term investment is an alien concept. But in reality, it’s an incredibly efficient way to save and grow your money – and that’s in addition to its primary purpose: ensuring your loved ones are taken care of financially after you’re gone.

New Canadian or not – everyone needs life insurance. If you’re new to Canada and already have life insurance from your home country, then you understand the value of this sort of protection. Remember, experts recommend that we review our life insurance coverage after a major life event – like a move to another country.

Life insurance isn’t about your loved ones getting rich off your death. It’s simply about them having enough money to pay off debt, afford their living expenses, and continue to live the life you had imagined for your family....

Whole life insurance is a type of permanent life insurance that provides lifelong coverage and the ability to grow your money over time. It is a popular option for Canadians who are looking for another way to invest their money, while also protecting their family’s financial future.