After working on the police force for 50 years, today’s guest, Jim Hanifan from Nova Scotia, Canada, got into finance and insurance in his desire to help people properly plan to ensure their families are protected. He believes that helping others plan for their future, their investments, and the next generation’s future is his way of giving back to his community.

Jim joins me today to share the benefits of having a life insurance policy. He gives an overview of how insurance can be a tool for better taxation, how it can protect your investments and assets, and how you can safeguard the future of your family - especially the next generation.

 

“If they’re looking at all into investments like oil or gas, real estate or some other investments, this insurance becomes a part of the leg that helps to protect all of those assets.” - Jim Hanifan

In This Episode of Real Money Talks: 

The benefits of investing in life insurance Benefits policyholders can enjoy concerning the Income Tax Act How entrepreneurs benefit from life insurance policies in case of bankruptcy How you can prepare and fund the next generation

Questions to Ask When Reviewing Your Life Insurance Policy:

What are your goals? What is your purpose? What are the things you want to achieve in life? How can we get the insurance to incorporate into that planning process?

 

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!