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How To Borrow From Your Life Insurance Policy (Canada)

Affinity Life 3 views

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Comments


@ShahnewazKhan
 Very insightful, would love to learn more about setting this up through a Corporation
Comment from : @ShahnewazKhan


@mindingbusiness-ly4pg
 Sorry but the point is? another video😐
Comment from : @mindingbusiness-ly4pg


@suzanneclark7610
 Scenario: the interest on a policy loan is capitalized and the owner dies with an outstanding loan amount within 90 of CSV I assume this lowers the amount of the death benefit by the outstanding loan amount Is the amount of the loan reported as taxable income on the owner's final tax return?
Comment from : @suzanneclark7610


@shfliwNVwgqyqznayaqw
 So am I to understand that in the worst case scenario, I have to pay tax on 3/4 of my loan from the life insurance policy? Still seems beneficial if the loan is going to help financially in the long term
Comment from : @shfliwNVwgqyqznayaqw


@ashdintavaria6166
 What about the loan if the policy is owned corporately?
Comment from : @ashdintavaria6166


@JuanAntonioNelson
 Thank you for this! Are you saying that it is wise to maximize one's tfsa before going this route ? I also assume that it would be good to do an rrsp especially if you have an employer match , correct? Thank you so much
Comment from : @JuanAntonioNelson


@MustangHully
 hi, great info videos Do you have a video explaining life insurance through a copr?
Comment from : @MustangHully


@CLIPSRUS1070
 How do i get on contact with you?
Comment from : @CLIPSRUS1070


@rn41434
 Hello did you make a video for the corporation? Thanks
Comment from : @rn41434


@1FrenchConnection1
 I’m wondering if you can utilize this strategy to pay out debt? And development strategy to reinvest and reimbursement you insurance loan
Comment from : @1FrenchConnection1


@elvisisalive2716
 no offense but this guy could make crossing the street sound difficult He goes around in such circles, it really isn't this complicated
Comment from : @elvisisalive2716


@cameronvincent
 You can only borrow against it’s cash value not the amount of death benefit?
Comment from : @cameronvincent


@yonden96
 Can I see the video for life insurance as a Bizz owner in a Corp
Comment from : @yonden96


@dylanwilson652
 Thank you sir 🙏
Comment from : @dylanwilson652


@MsSimplysandy
 Yes please on the tsfa/rrsp vid!
Comment from : @MsSimplysandy


@xianghuaxue
 As always, another great video! Based on the information you brought up in this video, is it taxable for corporate owned whole life insurance policy loan?
Comment from : @xianghuaxue


@TheRengifos
 How much does cost a insurence like this?
Comment from : @TheRengifos

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