Life Insurance as a Savings Vehicle?


Michael Hunter

Continuing on with our discussion about insurance, let’s go back and look at a little history.

In Canada, life insurance predates Canada becoming a country. The first life insurance policy was issued in 1847!

In addition to the death benefit, the policies were also considered safe savings vehicles. In the roaring twenties and the depression of the 1930’s, life insurance was the preferred way of saving money. So much so, that historic personal development books such as Napoleon Hill’s “Laws of Success in 16 Lessons,” and Claude Bristol’s, “Magic of Believing,” both recommend or tell stories of saving in life insurance.

If it was the preferred method of saving during the most financially trying times in the history of North America, perhaps we should revisit it again today?

If you would like to discuss if it’s the right savings vehicle for you, you can give me a call at 647-302-0151 or set up a time by following

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