Insured Inheritance

The Situation
You have unregistered investment funds set aside as a specific bequest under your will. Although you are unlikely to ever need the money, you are concerned about the safety of this investment. You are also in a high marginal tax bracket and are paying too much tax on the growth of these assets.

The Strategy
Purchase a tax-exempt life insurance policy and transfer the unregistered assets into the policy. This will reduce your current tax burden. A tax-free death benefit will be paid directly to your beneficiary upon death, free of probate fees, executor and legal fees. In addition, the funds remain completely accessible.

This Insured Inheritance Strategy provides:
· Immediate estate enhancement
· Tax-sheltered investment growth
· Permanent life insurance protection
· Tax-free death benefit
· Choice of investment options
· Flexibility to change policy beneficiary and coverage amount
· No probate fees on death benefit with named beneficiary

This material is for information purposes only and should not be construed as legal or tax advice. Every effort has been made to ensure its accuracy, but errors and omissions are possible. Individual circumstances may vary and specific legal and tax advice is recommended.

This strategy is based on current tax legislation. Future tax changes and market conditions may affect this program.

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