Category: Life Insurance Agency
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How to Structure a Whole Life Policy for Infinite Banking
Read more »: How to Structure a Whole Life Policy for Infinite BankingAre you utilizing the most effective financial tools to achieve financial freedom, flexibility, and independence? You no longer need to be at the mercy of the banks and external lenders, and instead can build a “family bank” that you can borrow from. You can leverage a properly structured whole life insurance policy to create your…
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Term vs Whole Life Insurance: Which One Is Right for You?
Read more »: Term vs Whole Life Insurance: Which One Is Right for You?Life insurance plays a vital role in protecting your family’s financial future, but navigating the different policy types can feel overwhelming. Two of the most common options—term life insurance and whole life insurance—serve different purposes and come with distinct features and benefits. Your choice between term and whole life insurance largely depends on your financial…
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Understanding Contingent Beneficiary
Read more »: Understanding Contingent BeneficiaryThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
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Is Life Insurance Taxable In Canada?
Read more »: Is Life Insurance Taxable In Canada?If retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal, and plan a reward for achieving it to help motivate you. Instead of planning an age or a date focus on a financial target that will produce the quality of life you are looking for.
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How to Get Tax Free Death Benefit
Read more »: How to Get Tax Free Death BenefitIf retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal, and plan a reward for achieving it to help motivate you. Instead of planning an age or a date focus on a financial target that will produce the quality of life you are looking for.
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Universal Life Insurance Canada
Read more »: Universal Life Insurance CanadaSound financial planning is vital to grow, look after and secure your assets. Life insurance is a way of securing your assets and dealing with future obligations – over a fixed term or a lifetime. As you age, you have more financial responsibilities like paying a mortgage and raising a family.
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What Is Permanent Life Insurance
Read more »: What Is Permanent Life InsuranceInsured Retirement Plans (IRPs) allow you to have your cake and eat it too. In the article, we’ll be exploring what IRPs are, how they work, plus the pros and cons of getting one. Finally, we’ll tell you what kind of individual is best suited for this strategy. Insurance can be complicated. So, before we…
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What Insurance premiums are tax deductible?
Read more »: What Insurance premiums are tax deductible?Understanding which insurance premiums are tax-deductible in Canada can be complex. While most are not, exceptions exist—particularly in corporate structures and lender-required policies. This article breaks down the nuances, including how business owners can strategically use life insurance in buy-sell agreements and when deductions truly apply.
