Am I Too OLD To Be Insurable in Canada? (Infinite Banking)

22 Feb 2021 · 1 min

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Jayson Lowe explains that participating life insurance policies in Canada go up to age 85. If you're older or uninsurable, you can still use infinite banking by owning a policy on someone else you have a financial interest in, keeping control of the cash value and death benefits.

Questions this video answers

Age 85.

Yes — you can insure someone in whom you have a beneficial interest and be the policy owner, even if you yourself are not life insurable.

Chapters

The maximum age that a participating policy would be issued is age 85. However, if a person were more mature than age 85, then they don't have to be the life that is insured. You can insure someone that you have a beneficial interest in. You can be the policy owner, so you have full contractual authority. You control access to capital, who receives the death benefit. You control who's the backup owner in case you pass away. And so you can practice this process at any point in your lifetime, even if you're not life insurable.