Reduce the tax burden on death
Maintain our financial stability in the event of the unexpected
Make sure we reach our retirement objectives

Our solutions

Reduce the tax burden on death

Protect the estate from taxes to keep it intact for our children.

• Last-to-die Life Insurance: This is an economical coverage because the insurance amount only becomes payable once both of us have died. Because this coverage will provide a tax-free lump-sum payment once we're gone, our children will be able to pay our last tax bill and thus preserve what we worked so hard to accumulate over the years.

Shelter more of our savings from taxes

• RRSP and universal life insurance: We contribute the maximum to our RRSP. Furthermore, to accumulate even more tax-sheltered savings we use all the investment tools offered under our universal life insurance policy. These savings could help us deal with new demands that may arise over the years. For instance, should one of us become disabled, we could withdraw a portion of our savings in this policy and pay no tax at all. And if one of us were to die, the other would receive all the savings we've put aside in this way and still pay no tax.

Maintain our financial stability in the event of the unexpected

Make sure that we can retire early at 60, even if one of us dies prematurely or becomes critically ill.

• We each plan to take out the following:

• Life Insurance: With this coverage, if one of us were to die, the surviving spouse would receive a tax-free lump sum to cover his/her financial needs at the time.

• Critical Illness Insurance: If one of us were to be diagnosed with a critical illness, s/he would receive a tax-free lump sum to use as s/he pleases. This amount could help us pay for the extra expenses incurred due to this illness without dipping into our savings.

We've set money aside for emergencies to prepare for the unexpected. As a home ages, there are always repairs to be made.

• A daily interest account and Guaranteed Investment Certificates (GICs) are always a good idea because they are guaranteed and redeemable at any time. This emergency fund will help us deal with the unexpected without jeopardizing our financial security or our projects.

Make sure we reach our retirement objectives

Only a few years from retirement, we have two priorities: maximize our RRSP contributions and make sure they're protected.

• The Desjardins Financial Security's Guaranteed Investment Funds and multistrategy investments meet our security needs with regards to our RRSP portfolio. In addition to being managed by professionals, the capital of these products offers guarantee options at maturity. As a result, we have the best of both worlds, security and performance.

Now that we're alone, we want to spoil ourselves a little. Every year, we plan on taking a trip.

• Periodic payments into a daily interest account or Guaranteed Investment Certificates (GICs) helps us save the money we need without affecting our lifestyle because these payments are a part of our  budget.

* In Quebec, a notarized will and the estate capital are not subject to probate.

I need advice tailored to " My situation "

I want to contact a financial security representative who will assess our life insurance and savings needs and suggest products tailored to our family and our financial situation.