"I'm in business with a partner and would like to ensure that I have the funds to buy that partner's interest at death or retirement."

Term Solution

 

Term insurance will work in the short term in the event of death of one of the partners insured. However, term insurance can't provide funds for a buyout at retirement.

 

Permanent Solution

 

Permanent insurance provides benefits at time of death but can also provide a source of income to the living. The cash value that may accumulate over time can be used to buy out a partner's interest upon retirement or the death benefit could be used to buy out the partner's interest at the time of death. The cash value that may be available depends on how the policy is funded and on tax laws in effect at the time funds are withdrawn from the policy.

 

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I would like to leave a legacy to my heirs or favourite charity.

 

 

 

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I have a young family and need life insurance, but my budget does not allow for much premiums.

 

I'm looking to cover a temporary need, such as a mortgage, line of credit, or business loan.

 

I know my immediate needs, but they may change in the future.

 

I'm concerned about providing the necessary resources for my child's future.

 

I would like to ensure that taxes owing on my estate are paid, leaving my assets intact to my heirs.

 

I would like a tax-effective way of increasing my retirement income.

 

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