Do you want to share your estate with the tax-man or with your loved ones?
Many Canadians have built up a large amount of assets and wealth in the form of cottages, rental properties, stocks, bonds, etc. These investments are either personal or through business investments. All these investments may lead to a growing estate problem, mainly in the form of taxation on the death of the person. Your estate has to pay taxes at death before these investments and properties are transferred to your loved ones.
Life insurance is the most cost effective way of creating tax free funds to help fund your estate’s tax liability and ensure a smoother transition of your assets to your loved ones. By purchasing life insurance, you will be assured that your heirs will be left with as much of your estate as possible, and that your assets will not have to be liquidated in order to pay your estate’s tax bill. This is especially important if you have assets that you would not like to be liquidated, such as a family cottage or family-run business.
Millions of Canadians own permanent life insurance to protect themselves from life risks today and also as a financial planning tool for the future. We would be happy to provide you with options to protect your estate and create tax free capital for your beneficiaries through life insurance products.
