How life insurance can shave your capital gains tax

Posted on May 4, 2018 and updated May 8, 2018 in 1 min read
Mary B. and her husband bought life insurance in 2008, where Mary is a primary insured and her husband is included as a spouse. They discovered that in 2018 their premiums will become unreasonably high. They don’t see any point to keep the policy with such high rates, so they are both planning on cancellation in 2018 and they wonder if that is a reasonable decision. An insurance expert Lorne Marr helps the couple to make a decision