Insurance Brokers in Toronto: You Can Profit from Life Insurance

Higher interest rates typically mean an increase in mortgage and lending rates. Fortunately, it’s not all bad news. People who own a life insurance policy or are looking to buy one from life insurance brokers in Toronto stand to benefit from this increase. Here’s how:

Certain permanent life insurance policies increase in value as your insurance provider makes a profit. As such, rising interest rates go a long way toward building an investment in your policy that you may have previously been unwilling to take. As the Canadian life insurance climate stands to improve in the next few years, you can expect to see a financial boom where investments become more secure, similar to what the country experienced in the late 70s and early 80s.

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