|
 |
|
|
| |
| MoneySense.ca: Insurance: Universal life: |
forum | rss | e-newsletters | site map | help «home «planning «insurance «article sections auto insurance health insurance home & property life insurance tools auto permanent and offers a lifetime of protection while serving as a tax shelter for investment growth outside an rrsp. there are two parts to a universal life policy, the insurance component and theney into the pot and, once it's there, it's tax sheltered." what comes out of the pot is the cost of the insurance and the provincial insurance tax, croft explained. "what you are doing isto take some out but you might pay a tax consequence," says savoia. if withdrawn early, penalties could be so severe with some policies that you could walk away and receive nothing at all. as with anyease or decrease according to cash value fluctuations. the cash values of whole life insurance are also guaranteed, while the value of universal life may fluctuate, depending on the rate of returne versa because each has its advantage and is suited for different people. before looking into any form of life insurance, you must be able to answer three questions: you can answer these questions byople to invest in this way only if it is viable for them to have insurance and only if cash flow permits. "there aren't too many 24 year-olds that would require a $100,000 worth of life insurance," he
http://www.moneysense.ca/planning/insurance/article.jsp?content=100373 - 14k
|
 |
http://www.moneysense.ca/planning/insurance/article.jsp?content=100373
2005-12-03 20:26:19
|
|
|
|
|
|
