When considering early withdrawal from your life insurance policy, particularly permanent ones, it’s important to understand the potential penalties, like surrender charges, and how they work. This guide explains these penalties and offers alternatives to minimize their impact.

A cancer diagnosis can impact your financial plans—but life insurance is still possible. Here's how to find the right coverage in Canada, even after treatment or during remission.

Survivorship life insurance, or second-to-die insurance, provides a death benefit only after both policyholders pass away, making it a valuable tool for estate planning and covering estate taxes. It helps ensure a smooth transfer of wealth to beneficiaries, though it has both pros and cons.

Insurance protects individuals and businesses from financial risks by pooling resources and sharing risks. Actuaries use advanced mathematics, statistics, and financial theory to ensure insurance companies operate efficiently, remain solvent, and provide necessary coverage.

Joint life insurance covers two individuals under one policy, providing financial protection for families. When one spouse passes, it triggers important financial, legal, and emotional decisions for the surviving partner.