Ouch - Bad retirement plan methinks

[Ottawa]

Thought I'd throw this nightmare up for you guys to gut.  I'm pretty sure it is a how-to not invest in real estate? 


http://business.financialpost.com/2014/05/21/family-finance-assets-planning/

[Rezdent]

Agreed that they are highly leveraged for dubious returns but what really struck me was the emphasis in this article on huge life insurance policies.  Not sure what good that would do someone who is dead?