In most cases, no. Life insurance premiums aren’t usually tax-deductible. The good news is, any payout your beneficiaries receive is tax-free!
But there are exceptions: If you need life insurance as collateral for a business loan, a portion of the premiums might be deductible. These situations can get a bit complex, so let’s chat if this applies to you. We can make sure you understand the tax implications.
You are on track to reaching your goals in life. You may have landed your first full-time job, moved out of your parents’ home and
What is life insurance? Keep Reading
It depends on the type of coverage you choose. Generally, term insurance is more affordable than permanent insurance. But there are a lot of factors
How much does life insurance cost? Keep Reading
Individual Life Insurance Policies generally fall into two categories: permanent and term.Permanent life insurance is typically used to cover needs that will always be there,
What are the different types of life insurance? Keep Reading
If you aren’t sure if you need life insurance, ask yourself these questions: Life insurance isn’t one-size-fits-all. Your unique situation will determine if and when
Do I need life insurance? Keep Reading
You already know what you need and the product that fits that need. Now let’s compare Canada’s top insurers.
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