Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Age Limits That Define Your Wealth

6 Feb 2025 · 0 min

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Short excerpt from a YouTube video by Richard Canfield explaining that insurance contracts include a tax-exempt room allowing additional flexible paid-up additions when approved (via rider). He notes insurers impose a lifetime limit on this ability, commonly calculated to age 100 in Canada and age 121 in the United States.

Questions this video answers

Age 100.

Age 121.

What every insurance contract has is they have an exempt room is the tax exempt room that you're able to put in extra flexible, paid up addition premiums if you're approved for it. If you know you've got a rider in place that allows you to do that, it was approved at the time of application, et cetera, what are you able to do on an annual basis? And there's a lifetime limit. Most insurance companies, at least in Canada, they calculate that to age 100. In the United States, age 121.