Life Insurance Learning Center

Surrendering a whole life insurance policy means giving up lifelong coverage for its cash surrender value. Learn how fees, and taxes reduce your payout. Explore alternatives for accessing funds while keeping your policy active.

Life insurance helps Canadian business owners manage risks such as loan acceleration, forced buyouts, and liquidity gaps when key stakeholders die unexpectedly. Corporate ownership maximizes tax efficiency through the Capital Dividend Account, while participating whole life policies provide guaranteed growth, dividend potential, and cash value that supports business needs.

Whole life insurance is essential for high-net-worth Canadians aiming to preserve wealth, fund business succession, and transfer estates tax-efficiently. With guaranteed death benefits, fixed premiums, and participating dividends, policies provide predictable value over decades. Canada Life, Desjardins, Manulife, and Sun Life offer the flexible coverage and expertise required for complex estate planning.

Discover why single-parents in Canada need life insurance and how to secure the right coverage without breaking the bank. Learn to calculate adequate protection, choose between term and whole life policies, name beneficiaries correctly to avoid legal complications, and leverage digital underwriting options for faster, more affordable life insurance approval.

The best time to buy life insurance is now, especially if you’re young and healthy. This guide explains how age, health, and major life events affect premiums and eligibility, helping you lock in low rates before costs rise.