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

Term Solution

 

The majority of term insurance contracts end when you reach the age of 75 or 80. Therefore, term insurance should generally not be used for protecting your estate or for charitable giving.

 

Permanent Solution

 

Purchasing a permanent life insurance policy using excess income or cash is an ideal way to create a tax-advantaged asset while you are alive and leave a meaningful gift, outside your estate, to your heirs or favourite charity. By naming the charity as both owner and beneficiary of the policy, the annual premium is eligible for a tax receipt as a charitable donation each year.

 

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

 

 

 

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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'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.

 

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