In Canada, the number of people who are past the retirement age but continue to work full-time is rising, with most citing the need to make ends meet as the primary reason for their decision. In this day and age, it can be difficult to spend one’s retirement years without something to fall back on. This makes it all the more important to acquire life insurance as early as possible.
Life insurance can be an extremely useful source of funds for retirees who continue to work for financial reasons. If retirement is 10 or 20 years away, you may want to strongly consider acquiring life insurance in Toronto and throughout Ontario that has a cash value component that you will be able to borrow or draw on in your retirement.