Investing With Whole Life Participating Insurance For Affluent Families

By Mark Barnicutt on November 22, 2011

As an Outsourced Chief Investment Officer for affluent families, at HighView Financial Group, we frequently receive questions from our clients concerning our view about the use of insurance as an investment vehicle within client portfolios.

At HighView, we do not profess to be experts when it comes to life insurance recommendations. Our role is to be investment counsellors. As such, when life insurance products are being offered as investment or accumulation vehicles, we ensure that clients are aware of questions that they should be asking their insurance advisors.

Typically, there are two broad types of life insurance that would have such an investment element to them: Whole Life & Universal Life.

While the benefits of life insurance are evident when death occurs, our belief at HighView is that life insurance products can also be valuable for asset accumulation for retirement and other purposes such as estate enhancement provided there is sufficient time.

To address the various investment related issues of life insurance, we asked one of the partners in our firm – Norm Ayoub (Director, Business Advisory Board, HighView Financial Group) to write an article outlining our firm’s view.  Norm has extensive experience in the Canadian life insurance industry both as an advisor to affluent families as well as a senior executive with brand name insurance companies.  Having also worked as an executive in investment advisory firms, Norm brings, what we believe, to be a very balanced perspective on the use of insurance solutions in client portfolios.

Norm’s first article is focused on Whole Life Participating Insurance, which we’ve attached to this blog post: click here.

Norm will be writing a subsequent article related to the use of Universal Life (UL) as an investment vehicle in early 2012.


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