Life Insurance
Lifestyle Protection
“That is your legacy on this Earth when you leave this Earth: how many hearts you touched.” – Patti Davis
Income Needs
In the event of a tragedy resulting in death, disability or illness, how much coverage would you need to replace your income?
Liability Coverage
If you were to pass away early, yes your loved ones would be sad. Would you want them to have to deal with your debts too?
Mortgage Coverage
Your mortgage is probably your largest liability. Proper coverage is essential to having this paid off if you were to pass away early. Could the mortgage be paid if you were gone?
Estate Planning
When we pass away, and we all do one day, CRA still expects the estate to pay taxes on the assets we accumulated through our lifetime. The family cabin, rental properties, investment assets and so on. Life isurance injects a tax free benefit to the estate to cover taxes so you can pass your assets to loved ones. What are your estate planning needs?
Final Expenses
Upon our death there are immediate cash requirements. Funeral costs, legal fee's, final tax returns and time off of work for loved ones who are directly impacted by your passing are all immediate cash needs. Life insurance pays a benefit to your beneficiaries tax free to cover these needs to eliminate the financial burden of raising capital to cover expenses.
Generational Wealth Transfer
Leaving an inheritance is quickly becoming a way of the past. The cost of living in retirement erodes the possibility of passing wealth to loved ones when we are gone. Life insurance is an extremely tax efficient manner to pass an inheritance to loved ones.