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Tag: Insurance guarantees

Whole life insurance: separate the guaranteed values from the illustration

Three generations of a Canadian family together at home, illustrating the lifelong value of whole life insurance

The premium schedule, surrender values and dividend assumptions answer different questions. Read each before treating a whole life policy as an accessible pool of savings.

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Brenda Nkwocha and Hilda Chukwu are licensed life insurance advisors in Ontario. Assessments and guides provide general education, not a needs analysis, quote or personal recommendation. Recommendations are presented at a follow-up meeting after we complete the needs analysis and review your information. Coverage and eligibility depend on the applicable contract and insurer’s assessment. Read our Privacy Policy for information about website data and your choices.