Canadian Financial & Retirement Planning Blogs

Explore Our Popular Blog Categories

IMMEDIATE FINANCING ARRANGEMENT (IFA)

FOR CANADIAN CORPORATIONS

An IFA is a practice whereby you take out a premium life insurance policy that has a cash building component, such as an exempt whole or universal life insurance policy, and then directly use the policy as collateral to obtain a loan.


How the IFA works to help you get more tax deductions?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Most Canadians are confused about choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product.

6 Reasons Why Retirement Planning

Should Be Your Priority

Retirement management has several benefits that range from both personal and psychological

to financial. Here are several advantages and common reasons for effectively planning your

retirement. As popular saying


“If you fail to plan, you are planning to fail!”

Important financial decisions that

everyone should make

Some timely decisions that we make have a great impact on our life either immediately or for the years that are yet to come. Taking a right financial decision is the best example of making a timely decision.

How to prepare yourself to face life- threatening situations and make the right financial decisions?

Each one of us begins a new day praying to God for the future of our family and ourselves. We step out of our home for work or any reason without knowing what is going to happen. Many personal unexpected situations might affect your family at large.

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

May 12, 20231 min read

Most Canadians are confused in choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product. Considering the fast-changing economies across the world especially after the COVID-19, life insurance in Canada has become a Need.

More Canadians are signing up for Life Insurance products now than ever before. According to the research report from Canadian Households with Life Insurance - LIMRA the number of Canadian households with life insurance grew from 7 million to 12.6 million in the last 37 years.

Custom HTML/CSS/JAVASCRIPT
IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Why do Canadians Buy Life Insurance?

  • Employment Benefit

  • Income Replacement

These are the top reasons why more Canadians are buying life insurance. As per Canada’s Life and Health Insurers Association 22 million Canadians are insured with only 1 in 100,000 claims resulting in complaints. All the premiums Canadians pay every month over years are invested in Infrastructure projects, Federal Bonds, Provincial, Territorial and Municipal Bonds. Investments gradually compound with time and turn into Big Lump Sum by maturity.

Free consultation by Sunny Kochar is your first step towards Financial Security Hurry up.

Canadian LIfe InsurancePermanent LIfe InsuranceHexavision EnterpriseSunny KocharFinancial freedom Mentorship
blog author image

Kanwaljit (Sunny) Kochar

I am a passionate financial expert and the creator of the Total Financial Freedom Mentorship Program for Canadians. With over 30 years of experience in various business & industries, I have helped people grow and succeed over time. As a Personal Financial Coach specializing in retirement planning and management for Canadians, I and my team work with executives and entrepreneurs to help them build their wealth 3 times faster. Our goal is to help them not only get out of bad debt but also achieve total financial freedom, retire early and wealthy, all without strict budgeting. This allows them to still enjoy vacations, treat their kids, and spend quality time together as a family. I am also the CEO & Founder of Team Hexavision.

Back to Blog

IMMEDIATE FINANCING ARRANGEMENT (IFA)

FOR CANADIAN CORPORATIONS

An IFA is a practice whereby you take out a premium life insurance policy that has a cash building component, such as an exempt whole or universal life insurance policy, and then directly use the policy as collateral to obtain a loan. In this way, you gain the full benefit from the insurance policy, yet you are still able to use your money to build your business or to invest in other income-generating avenues.


How the IFA works to help you get more tax deductions?

IS ‘PERMANENT LIFE INSURANCE’ A NEED OR A WANT?

Most Canadians are confused about choosing life insurance that caters to their needs. You must be fed up with many advisors, agents, brokers pitching a rosy life insurance product.

6 Reasons Why Retirement Planning Should Be Your Priority

Retirement management has several benefits that range from both personal and psychological to financial. Here are several advantages and common reasons for effectively planning your retirement. As popular saying


“If you fail to plan, you are planning to fail!”

Important financial decisions that

everyone should make

Some timely decisions that we make have a great impact on our life either immediately or for the years that are yet to come. Taking a right financial decision is the best example of making a timely decision.

How to prepare yourself to face life- threatening situations and make the right financial decisions?

Each one of us begins a new day praying to God for the future of our family and ourselves. We step out of our home for work or any reason without knowing what is going to happen. Many personal unexpected situations might affect your family at large.

Working Hours

🟢 Monday to Saturday : 9:30 AM - 6:30 PM

🔴 Sunday : Closed

Our Service Area

Ontario | Quebec

Alberta | Nova Scotia

British Columbia | Saskatchewan

New Brunswick

Join Our Blogs

Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces.

License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC). Insurance and segregated funds provided by Carte Risk Management Inc.

@ 2025 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure

© 2025 Hexavision Enterprise. All rights reserved

Our Service Area

Ontario | Quebec

Alberta | Nova Scotia

British Columbia | Saskatchewan

New Brunswick

Working Hours

🟢 Monday to Friday : 9:30 - 6:30 EST

🔴 Saturday and Sunday : Closed

Join Our Blogs/Newsletter

Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces. License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC), AMF LIC# 2023-CI-1016414(QC), LIC # 087345 (SK), FCSC LIC# 220039066 (NB) Insurance and segregated funds provided by Carte Risk Management Inc.

@ 2025 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure

© 2025 Hexavision Enterprise. All rights reserved