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…
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 depending on your appetite for risk, anticipated rate of return, liquidity, and appetite for paying tax (yes we did just say that). The purpose of this article is to help demystify whole life insurance as a savings, retirement and estate planning tool. What is Whole Life Insurance? Whole life is classified by the Canada Revenue…
Whole life insurance for physicians