Creating wealth while keeping your family safe is a goal most Canadians share. Among many other uses, life insurance is an essential tool in this plan, especially for those who want to balance long-term financial stability with investment growth. Among Universal Life Insurance Policies in Canada, the “VUL vs IUL” comparison is often discussed online, … Read more
A few financial products come into the world without much fanfare — they don’t make flashy, front-page news — and yet they wind up transforming how we all think about achieving a comfortable future. Equity-Indexed Universal Life Insurance is the type of policy that combines long-term protection with market-linked growth potential, and it has slowly become one … Read more
It’s a question many Canadians with such permanent life coverage ask themselves: Should I opt for a policy that accrues cash value or one focused on death benefit protection alone? The notion of guaranteed Universal Life Insurance (also known as GUL for the acronym enthusiasts, or no-lapse universal life when we’re feeling fancy) is sort … Read more
For 2023, LIMRA stated that more than 32% of Canadians would “possibly” buy a permanent Life Insurance policy, eg, an Indexed Universal Life (IUL) policy. But most had no idea how the cost was calculated. The reality? The price you’re paying for an Indexed Universal Life Insurance Policy is based on a lot more than … Read more
When it comes to life insurance in Canada, Universal Life Insurance stands out for its flexibility and cash value accumulation. This type of policy combines life insurance with an investment component; it’s a favourite among many. In this post, we’ll go into Universal Life Insurance Plans and the pros, cons, and costs in Canada. Universal … Read more
It can be overwhelming to figure out which life insurance policy is the right one to choose, considering the many options available in Canada. Whole Life Insurance is one of the two options you could be considering for long-term coverage (the other is Universal Life Insurance). Both hold peculiar benefits & characteristics in them, so … Read more