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Protect Your Estate With Life Insurance

There are many expenses and fees that prevent us from passing our entire estate (investments and assets) to our family. Taxes, probate fees, and final expenses can all erode the estate you have worked so hard to create. Permanent Insurance, Whole Life Insurance and Term Insurance are all important financial tools that enable you to protect as much of your savings as possible.

Understanding strategies for preserving your estate with Life Insurance is important information for every family.

Key Features and Benefits of Term Insurance

• AFFORDABLE
  Rates start under $20 per month for $500,000 in coverage(1).


• TAX-FREE
  Your beneficiaries receive the death benefit tax-free(2), which they can use
  to pay off debts, cover day-to-day expenses and more.


• PORTABLE
  Unlike coverage you may have through your employer, you can keep your policy if you change jobs.


• FLEXIBLE
  Choose a coverage amount between $50,000 and $10,000,000. Also choose the length of time you want coverage for—from 5 to 40 years(3). At the end of your term, you can renew for another term at pre-disclosed rates(3).


• GUARANTEED
  Premiums and coverage amount are guaranteed not to change for your entire policy term.

Key Features and Benefits of Whole Life Insurance

• GUARANTEED
  Premiums and coverage amount are guaranteed for your entire life.


• CASH VALUE
  The policy builds up over the years a tax exempted cash value that could be enjoyed later in life for retirement or any other need, through a collateral loan or by just taking it out.(4)


• TAX-FREE
  Your beneficiaries receive the death benefit tax-free(2), which can be used to pay final expenses, funeral costs, estate equalization and more.


• FLEXIBLE
  Choose payment durations that fit best with your budget and lifestyle.

Whole life insurance is often called the “foundation of a good financial plan.” Although many purchase whole life insurance to permanently protect their family or business in the event of a death, it’s actually a multi-faceted financial tool. It’s a unique asset, that because of its accumulating cash value and tax favoured benefits – may be used to solve some of life’s most perplexing financial issues, when strategically well structured. Here at Delsan Group Inc., we help you structure the policies in a way to maximize your tax savings and benefits.

1. Rate based on a $500,000 Term-10 policy for a male, age 30, non-smoker (to be calculated!)
2. Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.
3. The maximum age these policies can go is up age 80 and with a few insurers up to age 85 then it lapses.
4. If Cash value is just taken out not trough a loan, part of the money taken out or the full amount may become taxable at that point.