American Income Life: Cash Surrender Value

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For fillable Forms and training materials visit this link

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Relevant Background: Unlike a term policy, policyholders may withdraw cash from their whole life policy, if need be, for unforeseen events and emergencies such as funerals, vehicle expenses, loan payments and long-term investments. The cash value builds up as the policy holder pays his or her premiums. Upon the death of the policyholder, this cash value does not get passed on to his or her beneficiaries.

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Relevant Material: As per data listed by Statistics Canada, Credit Cards alone were responsible for a total of $112,292,000,000 (2025, Credit liabilities of households (x 1,000,000)) Considering the population at the end of March at 41,548,787 people (2025, Canada's population estimates, first quarter 2025), this total equals to $2,702.65 (credit card debt) per person.


References: 

1.  1.    (2025, Aug 18). Credit liabilities of households (x 1,000,000). 

. Retrieved Aug 25, 2025, from https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610063901


2. (2025, June 18). Canada's population estimates, first quarter 2025. . Retrieved Aug 25, 2025, from

https://www150.statcan.gc.ca/n1/daily-quotidien/250618/dq250618a-eng.htm


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