We're building our financial security step by step
Our priorities
Leave our children a tax-free estate and a fair inheritance
Ensure a retirement income for the rest of our lives while enjoying certain flexibility with regards to our investments
Provide financial security for our only grandson's future
Our solutions
Leave our children a tax-free estate and a fair inheritance
We want to make sure that after we're gone, each of our children receives their fair share of the inheritance to enjoy fully without worrying about paying our last tax bill.
- Last-to-die Life Insurance: With this coverage, we can relax knowing that our children will get their equal share of the inheritance and that the estate we've built over the years won't be liquidated to pay taxes.
- We can ask that premiums be paid only until one of us dies. As a result, we won't have to worry about maintaining our coverage when one of is gone because the surviving spouse will continue to be covered without paying another penny.
Ensure a retirement income for the rest of our lives while enjoying certain flexibility with regards to our investments
We are retired. When we converted a portion of our RRSPs into RRIFs we re-evaluated our investment strategy for all our registered and non-registered investments. As we're both in excellent health, we know that our retirement could last a long time. That's why it's important to protect our assets.
- Multistrategy investments: Our multistrategy investments allow us to diversify our portfolio on an international scale between different asset classes (shares, bonds, money market, currencies) and according to a broad spectrum of investment strategies.
- Not only are these products managed by professionals, but their capital is guaranteed at maturity. As a result, we have the best of both worlds, security and performance.
Life has been good to us and we want to give something back to the community.
- A Charitable Gift Annuity is a great way of doing just that. Not only do we contribute to the research done by our favourite foundation, but we also reduce our taxes while we receive a guaranteed fixed income.
Provide financial security for our only grandson's future
Our only grandson's education is very important to us, and so is the education of our other grandchildren to come. We want them to have the opportunity of a higher education without having to worry about finances.
Bequeath a life insurance policy to our grandson and start saving to contribute to his future projects.
- Life Insurance: We can give our grandson a real head start by purchasing insurance coverage that he'll keep for his entire lifetime. This coverage is relatively inexpensive given his young age. And since the contributions to the Registered Education Savings Plan are limited, we can thus accumulate additional funds that could be used to finance his higher education or the other projects he might have in mind.
- Guaranteed Insurability Benefit: With this option, we can guarantee that our grandson can purchase more life insurance when future needs arise, without having to meet medical eligibility requirements.
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Since our investments are issued by a life insurance company, we've designated a beneficiary for each of our contracts. When we die, the capital will go directly to the beneficiary and thus be excluded from our estate and won't be subject to probate fees.* |
* 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.
