An annuity is an insurance contract that returns payments of capital and interest on a regular basis. The insurance company makes fixed or increasing payout amounts at regular intervals for a specified time or for the annuitant’s lifetime. Annuities have no rescission rights and do not allow changes once the insurance company issues the contract.
Term [...]

When Canadians are thinking of ways to invest tax-efficiently, Registered Retirement Savings Plans (RRSPs) are usually the first (and sometimes only!) vehicle that springs to mind. It’s not often that they think of insurance, and yet Universal Life insurance is one of the most effective ways to defer taxes on your investments.
Universal Life has two [...]

The question of whether premiums paid for life insurance can be deducted from income often arises in tax-planning exercises.
The rule is that life insurance premiums are considered to be capital outlays and not an expense incurred for the purpose of producing income from a business or property. Thus a deduction is usually disallowed under the [...]

Have you checked your term life insurance lately? Rates fell dramatically in the 1990s. Policies you bought several years ago may be available now for less.
Have you checked your term life insurance lately? Rates fell dramatically in the 1990s. Policies you bought several years ago may be available now for less.
Unfortunately, most people don’t really [...]

In addition to providing income protection to individuals in the event they die or become disabled, life insurance can help you achieve other important estate planning and investment objectives.

Life insurance is an effective financial tool in estate planning because it provides non-taxable cash to your estate allowing your executor to pay all the expenses and [...]