No matter what age or stage of life you are in, it is important to think about estate planning issues. Many view estate and insurance planning as a distant concern, however, putting your affairs in order now - to provide for your family in the future - is an important step. Once you have this peace of mind, you can then focus on the more important things in life.
Once you have worked hard to build up a substantial amount of wealth, you want to preserve that wealth and ultimately pass it on to those that you care about most. There are insurance strategies that can help you do just that, creating the ability to bypass estate and probate fees or fund taxes payable on capital gains or RRSP and RRIF values, or even protect your assets against potential creditors.
Your life insurance licensed ScotiaMcLeod advisor can explain the many uses and possibilities for insurance, and assist you with a wide range of products from leading Canadian insurance companies.
Protect Your Estate From Taxes
Reduce the eventual tax burden on your estate by creating a fund that can be used to pay your taxes at death.
Protect Against Creditors
There are many different insurance products that can help you protect your assets against the claims of creditors.
Avoid Probate and Estate Fees
Since most insurance products pass directly to a named beneficiary, they do not form part of your estate, and as such - are not subject to probate and other estate-related costs.
Guarantee Your Investments
Ensure that your investments are guaranteed, by utilizing a variety of products offered by insurance companies.
Critical Illness Insurance
Preserve your wealth in the event you are diagnosed with a critical illness.
Long Term Care Insurance
When long term care is required, the costs can be high; Long Term Care insurance can eliminate the fear of outliving your savings and can preserve the value of your estate.
All insurance products are sold through ScotiaMcLeod Financial Services Inc., the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank Group. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Quebec) representing ScotiaMcLeod Financial Services Inc.
The information contained on this website is for use by persons resident in Canada only.
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