Life Insurance - Explained and Debunked ?
Hello,
I'm looking for life insurance advice and would like to understand your point of view between Term vs. Universal vs. Whole life insurance. Term insurance is fairly straight forward to understand, and Universal vs. Whole life is the one that I'm trying to wrap my head around, and understand the PROs and CONs of each.
What's your take?
Here's my profile:
- Mid 30s, married and with a newborn child
- Own several properties (home and condos)
- Have RRSP and TFSA savings
Thank you!
I'm looking for life insurance advice and would like to understand your point of view between Term vs. Universal vs. Whole life insurance. Term insurance is fairly straight forward to understand, and Universal vs. Whole life is the one that I'm trying to wrap my head around, and understand the PROs and CONs of each.
What's your take?
Here's my profile:
- Mid 30s, married and with a newborn child
- Own several properties (home and condos)
- Have RRSP and TFSA savings
Thank you!