10.3.8 Life insurance as a retirement investment
- 10.3.1 Income from savings
- 10.3.2 Video: How to save for retirement
- 10.3.3 Registered savings plans
- 10.3.4 Video: Saving with registered plans
- 10.3.5 Registered Retirement Income Fund
- 10.3.6 Unsheltered savings plans
- 10.3.7 Getting cash from your home
- 10.3.8 Life insurance as a retirement investment
- 10.3.9 Summary of key messages
If you have permanent life insurance with a cash value, you can borrow against those savings and then spend or invest the money you borrow. You can also deduct the cost of the interest on your income tax return. After you die, the death benefit on your policy can pay off the loan.
My personal savings
Use this checklist to mark the types of savings vehicles you are currently using to save for your retirement. Make a note next to ones that you want to investigate further.
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