LIFE INSURANCE
No one wants to think about Life Insurance. But if someone depends on you financially or if you have financial obligations to meet, Life Insurance is an absolute necessity to protect against the “what ifs”.
One who thinks Life Insurance is an unnecessary expense or expensive should talk to a survivor. Money can never truly replace a person but the premature death of a key member of the family is much more difficult without money. TAX-FREE proceeds from Life Insurance provides psychological and financial peace of mind, when no one will or can help.
Typically, reason to buy Life Insurance is to cover the outstanding mortgage but life insurance can be used as a very effective risk planning and wealth management tool in following other circumstances:
- Estate planning
- Collateral for Loan
- Inheritance Equalization
- Support Payment Obligations
- Pay Final Last Expenses and Debts
- Pay final tax liabilities and settle estate
- Replace or supplement income for survivor
- Fund Buy-Sell Agreement for business continuation
- Pay provincial probate fees, lawyer and accounting fees
- Pay final medical bills not covered by provincial health plans
- Pay off deceased's outstanding debts and contractual obligations
At Beaver Financial, we not only strive to cater the conventional healthy market segment but also understand the need to obtain appropriate Life Insurance coverage for "Hard to Insure" individuals at affordable premium levels.
Using Life Insurance for Tax-Free Retirement Income... Surprised!!
If you are looking for a tax efficient way to fund your retirement income, you may not have considered Life Insurance.
Did you know that you can collateralize the Cash Value in your Life Insurance policy to receive a Tax-Free income stream? Let us show you how!
We can assess your unique Life Insurance needs and offer the unbiased recommendations of suitable Life Insurance options available based on your budget and life-style.
You are not hiring us to solve the problem of probability of death; you are hiring us to find us the most tax efficient solution of financial consequences resulting from death.