Your health is one of the most important parts of determining your life insurance premiums. Healthier people are less likely to die soon, which means companies can charge them less for life insurance. Younger people are also less likely to die soon, so life insurance is cheaper (on average)...
Is life insurance taxable? Life insurance death benefits are typically not taxable, but you may be required to pay taxes on any interest you receive on the death benefit. For instance, if the death benefit is paid in installments, the beneficiary may need to pay interest on the remaining amo...
Buying life insurance is one way you can help protect your loved ones in case of the unexpected. For many, life insurance can provide peace of mind and a sense of financial security. Talking about life insurance can bring up difficult subjects, but choosing a policy doesn’t have to be a...
Whole life insurance can help grow your money over time There’s no question that owning stocks is one of the best ways to help grow the value of your money over the long term—historically, they have outperformed many other types of assets over the long term. When you’re ...
The best whole-of-life insurance is the policy that offers the best level of cover at the lowest premium. Some providers will review your premiums after a certain period of time, and this is something to keep in mind when considering whole-of-life cover, as it can often mean that your ...
known form of permanent life insurance is whole life insurance. Whole life insurance provides coverage for life and has an investing component that allows you to take a loan against the policy. Both the death benefit and the premium are designed to remain constant throughout the life of the ...
Universal life insurance is different from indexed universal life insurance— with those policies, the cash value growth is tied to a stock or bond index like the S&P 500. Pros: It’s typically less expensive than whole life insurance and can adapt to your needs as life changes. Cons: The...
Understand how much life insurance coverage you need to protect your family, based on Canadian living expenses, education, assets, & more.
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.
Life insurance is an asset many people use in long-term financial planning.Purchasing a great life insurance policyis one way to protect your loved ones, providing them with the financial support they may need after you die. For example, you may purchase life insurance to help your spouse cov...