Personal Finance

life insurance question

  • Last Updated:
  • Nov 20th, 2017 1:30 pm
[OP]
Jr. Member
Jun 24, 2015
111 posts
15 upvotes
Toronto, ON

life insurance question

I have a life insurance.... Used to be Transamerica (wealth advantage life insurance). Now sold to Ivari. Paid all premium. I can borrow money back and need to pay interest once a year. What happen if I don't pay interest? Will the insurance be terminated automatically? Any way to terminate with less taxable impact?
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