I assume they are available in Canada, as I see them mentioned around here.
Can you buy one within your TFSA to shelter it from taxation, or say GIS clawbacks.
Also can one combine such an instrument with other insurance policies. For example, they have policies that will pay if you need to get sent to an old age home, or general medical and dental plans, could you pay up front a lump sum to keep you covered for life. I don't see myself being married in my old age, and kids, not gonna happen, I'd hate to be paying for insurance, then hit 75 or 80, and miss a payment or 2 because I am starting to get dementia and then lose my coverage just as I am about to need it.
Can you buy one within your TFSA to shelter it from taxation, or say GIS clawbacks.
Also can one combine such an instrument with other insurance policies. For example, they have policies that will pay if you need to get sent to an old age home, or general medical and dental plans, could you pay up front a lump sum to keep you covered for life. I don't see myself being married in my old age, and kids, not gonna happen, I'd hate to be paying for insurance, then hit 75 or 80, and miss a payment or 2 because I am starting to get dementia and then lose my coverage just as I am about to need it.