Supplemental Retirement Income

Will your (RRSP) and additional income streams suffice for your financial needs upon reaching the age of retirement?

Utilizing the cash value of a permanent life insurance policy as part of your retirement income strategy offers flexibility and an additional layer of financial security.

Once properly managed, it's a resource that can help ensure a more comfortable and stable retirement, providing funds for everyday expenses, healthcare, or even unexpected costs.

Life insurance as a retirement investment

As you approach retirement, this cash value can be accessed in several ways to supplement your retirement income. One way is through a collateral bank loan.

If you have a permanent life insurance with a cash value, you can borrow against those savings and then spend or invest the money you borrow. After you die, the death benefit on your policy can pay off the loan.

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