Is Life Insurance Taxable In Canada?Life insurance proceeds are not taxable in Canada. Death benefits from life insurance policies given to named beneficiaries are received

Insured Retirement Plan: Meaning, Process, Types, Pros, Cons, Costs, Tax Advantages in CanadaInsured Retirement Plans pair permanent life insurance with retirement planning to create tax-advantaged

What is indexed universal life insurance (IUL)?Indexed universal life insurance (IUL) is your permanent life insurance policy. Indexed universal life insurance policies combine the cash

What is a Contingent Beneficiary?A contingent beneficiary is a person designated to receive benefits if the primary beneficiary cannot claim them. Contingent beneficiary is designated and

Corporate-Owned Life Insurance (COLI): Process, Types, Benefits, AdvantagesCorporate-Owned Life Insurance or COLI, is a type of life insurance policy a business buys on its employees.

What is the Succession planning process?The Succession planning process aims to help you smoothly pass on the leadership key positions. Also, the succession planning process

Why is Personal Finance Important?Personal finance is important because it contributes to people achieving financial security and long-term wealth. Personal finance is highly crucial, especially

What are the fees for a Wealth Manager?The fees for a  wealth manager vary in the form of fees and commissions. The standard fee structure

Money multiplier: Meaning, How does it work, Process, Calculation, Formula, Reverse ratio, LimitationsThe money multiplier is the ratio of the money supply to the monetary

Dividend paying life insurance: Meaning, How does it work, Benefits, Cons, PremiumsDividend-paying life insurance is a particular class of financial instruments that combines the best

Paid-Up Additions (PUAs): What are they, How does it work, Benefits, Pros and Cons, Increase cash value.At IBC Financial, we have seen firsthand how Paid-Up

Borrowing money from life insurance: Types, Benefits, Risks, ProcessThe key to Borrowing money from life insurance, specifically permanent policies that accumulate cash value over time,

Participating life insurance: What is it, Process, Types, Benefits, Dividends What is Participating Life Insurance? Participatory life insurance is a life insurance contract with an

Private family bank: What is it, How it works, Benefits, Risks, Generational WealthA private family bank can essentially allow wealthy Canadian families to preserve their

Nelson Nash: Author, Books, Institute, SeminarR. Nelson Nash, the man behind the Infinite Banking Concept, was truly brilliant. Nelson Nash and his movement ‘Become Your