This video breaks down Whole Life Insurance and discusses the death benefit, the cash value, and how to use this insurance during your lifetime for tax-efficient income & capital.

0:00 What is whole life insurance?

1:45 Permanent life insurance

2:08 Cash value

4:12 Borrowing against your policy

5:30 Leveraging your policy for personal use

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

www.michaeldutra.ca

https://www.linkedin.com/in/michaeldutra#wholelifeinsurance #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family

Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.