Tag: whole life insurance

Most physicians are incorporated and save money inside their professional corporations. You may choose to invest in stocks, bonds, mutual funds, or whole life insurance. The purpose of this article is to help demystify whole life insurance as a savings, retirement and estate planning tool. What is Participating Whole Life Insurance? A participating whole life insurance policy is permanent life insurance where the cash value and death benefit grow over time and can be utilized for retirement and estate planning…

It delights us to announce that Sun Life is increasing the Sun Life dividend scale interest rate to 6.25% (from 6.00%) on April 1, 2023. This is a result of rising interest rates, and strong real estate and equity performance. The Sun Life whole life portfolio is focused on long term performance and policy stability. In light of the market volatility, whole life insurance is a conservative asset with guaranteed growth of the cash value and permanent life insurance.  What…