Investment Tips

Life insurance as a means of maximizing wealth
A life insurance policy’s primary purpose is to replace the income of a family breadwinner in the event of his or her untimely demise. But what about families with minimal debt and full grown children? Why would they need or want life insurance. Could life insurance help in maximizing wealth? In many cases, yes.
Nine Tax-Saving Tips for Individuals
Many clients I deal with are particularly interested in various forms of tax savings that could help in long term financial planning. In this article I'm listing the most useful methods that are available to Canadians. Apply them and you will save a lot in the long term.

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7 Responses to “Investment Tips”

I would be haapy to have your tips on saving taxes.

Prem Shankar thought on April 24th, 2008 3:49 pm
I have a life insurance policy
am i able to take money out of that policy to pay off debt

Don thought on April 27th, 2010 6:06 pm
Thanks for the note. It depends on the policy – many Permanent policies have a cash value which you take on surrender or via policy loan.

LSM Insurance thought on April 27th, 2010 8:10 pm
Hello…could you please tell me if taking a cash value from my perm life insurance policy is to be reported on my income tax? Thank you

sabrina thought on January 28th, 2011 2:22 pm
Thanks for the note. This would depend if the cash value exceeds the policies adjusted cost base. The insurance company can ,ake this calculation for you.

LSM Insurance thought on January 28th, 2011 3:11 pm
I have recently bought a term life insurance policy as well as a critical insurance policy for myself and my sister – 41 and 47 yrs respectively. however i don’t feel comfortable or safe with the policy i have and was wondering if there was anyway i could have this checked or changed.I was also not sure if my broker helped me with my requirements accurately.

Lorraine thought on May 29th, 2011 1:18 pm
Thanks for the note Lorraine. We are happy to help and we’ll send you an email now.

LSM Insurance thought on May 29th, 2011 5:41 pm