96. Seven Myths of Life Insurance Lending in Canada

Wealth On Main Street · Jan 4, 2022 · 39m

What are the myths of insurance lending in Canada? Jayson Lowe and Richard Canfield discuss an article from a Bank that tries to dispel 7 myths of insurance lending in Canada.

Many Canadians do not know that cash value policies are often lent on by 3rd party banks. It’s actually the most popular way Canadians have been getting access to their collateral is from commercial banks.

Banks want you to borrow from them. It is that simple. They will do everything in their power to market their loan products to you so they can collect as much interest volume in the form of cash flow payments coming…