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How To Borrow From Your Life Insurance Policy (Canada)

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Comments How To Borrow From Your Life Insurance Policy (Canada)

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

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

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

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

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

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

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

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

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

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

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

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

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

Thank you sir 🙏 Comment from : @dylanwilson652

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

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

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

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