Can life insurance be used as a fixed income investment?

Author: External Author | | Categories: Insurance Advisor , Investment Planner , Investment Services

Blog by Westgroup Financial Management Inc.

 I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future.  I also hold a $2-million life insurance policy that I pay approximately $15,000 per year for. 

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Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:  JASON HEATH

Original Article Posted on:  DECEMBER 21, 2020

Link to Original Article:  https://www.moneysense.ca/columns/ask-a-planner/can-life-insurance-be-used-as-a-fixed-income-investment/



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