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A policy loan lets you access your life insurance’s cash value while keeping coverage intact, as long as premiums are paid and loans don’t grow too large. Insurers typically process within a few business days. Interest accrues and unpaid balances reduce your death benefit. Many Canadians use policy loans strategically for retirement income, education funding, and business financing.
Learn what whole life insurance dividends are, how they work, and which companies offer strong dividend‑paying whole life policies in Canada.
Discover how corporate-owned life insurance can help your business manage risk, enhance liquidity, and build tax-deferred corporate wealth in Canada.
Limited pay whole life insurance lets you pay premiums for a fixed number of years, such as 5, 8, 10, 15, 20, or up to age 65, while keeping lifetime coverage. Learn how limited pay whole life insurance works, its types, benefits, and who it’s best for.
Whole life insurance offers lifelong coverage and guaranteed cash value growth. Part of the premium goes toward insurance costs, and the remainder funds the policy’s cash value.
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