Term Life Period

In your will, you may be able to leave some assets to your spouse without incurring taxes. But if you leave assets to anyone else, they could face an enormous tax bill. The Canada Revenue Agency values your assets as if they were sold at fair market value.

If your estate realizes a capital gain on a vacation property or business you’ve left to them, your heirs could end up with a significant tax bill on it. They may even have to sell the asset just to pay the tax.

By planning ahead, you can make them the beneficiary of a life insurance policy that covers your final tax bill. It will provide a tax-free benefit that will allow them to pay the capital gains tax and leave them free to enjoy the asset.

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If you have children, you may need to take into account their future educational needs. You may want to set aside a monthly amount you can put towards an Registered Education Savings Plan (RESP). It’s an effective savings plan that helps build up savings for your child’s education.

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Respecting your privacy is important to us

To help you determine the amount of life insurance you may require and to provide you with a quote, you will need to provide certain personal information in the following screens. Please note that Roger Menard Insurance does not retain any of the personal information that you provide in these screens.

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Term Life Plan

A Term 10 or 20 Life plan guarantees the low monthly cost of insurance for a period of 10 or 20 years. The plan automatically renews, at a higher premium, every 10 or 20 years until the age of 80. The premiums are set and guaranteed when the policy contract is issued to you.

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Tobacco Substitutes

Tobacco substitutes include marijuana, hashish, betel nuts, betel leaves, supari, paan, gutka, and smoking cessation products such as nicotine gum, Zyban or transdermal nicotine patch.

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Author: car health