Can I buy an insurance contract that grows with the stock market?
First, we should let you know that insurance isn’t something the Ontario Securities Commission has responsibility for. The Financial Services Commission of Ontario (FSCO) is the best place to seek out information on insurance. That said, we try to help with general information as best we can. We also know that insurance plays an important role in many peoples overall financial planning.
Some insurance providers offer indexed universal life insurance investments accounts that expose you to the equity markets. However, just like any stock market investment, growth is not guaranteed.
Consider whether this type of life insurance fits within your financial plan.