Looking for ways to boost your cash flow? - Solutions For Financial Planning*
How to use the cash value of your permanent life insurance to secure a line of credit.
There’s no question that having an easily accessible source of funds provides peace of mind. There will likely be occasions when access to extra money can come in handy. You might experience an unexpected emergency, be presented with an opportunity to invest in the markets or a business, decide to renovate your home or face any other short or long-term financial need. In these situations, people tend to seek out a loan or apply for a line of credit.
Read the full article*
* This article opens in a new window directing you to Manulife's Solutions for Financial Planning Magazine.
© 2021 Manulife. The persons and situations depicted are fictional and their resemblance to anyone living or dead is purely coincidental. This media is for information purposes only and is not intended to provide specific financial, tax, legal, accounting or other advice and should not be relied upon in that regard. Many of the issues discussed will vary by province. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation. E & O E. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.