Hello;
There are many inherent elements that make an insurance investment an ideal option from an estate planning perspective.
If we look at someone’s non-registered assets, here are some key benefits with an insurance investment:
- Name multiple beneficiaries
- Bypass probate – providing greater control for clients on how their assets will be paid out from their estate
- Pay-out can be expedited in as two or three weeks – this eases potential stress by helping cover near-term expenses
- Non-medical insurance solution also provides the added benefit of privacy for beneficiary recipients; unlike a public will, no one will know who has received the funds or the amount bequeathed
- Death guarantees associated with insurance investments can provide peace of mind for clients as they become older. As a result, clients can have certainty their assets will not diminish in any substantive way before they pass, protecting the legacy they’ll be leaving behind.
For more information on this, please let us know if you require further information.
Sincerely,
Mike Busby (18-Jul-2022)
THE COMMENTS CONTAINED HEREIN ARE A GENERAL DISCUSSION OF CERTAIN ISSUES INTENDED AS GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON AS TAX OR LEGAL ADVICE. PLEASE OBTAIN INDEPENDENT PROFESSIONAL ADVICE, IN THE CONTEXT OF YOUR PARTICULAR CIRCUMSTANCES. THIS ARTICLE WAS WRITTEN, DESIGNED AND PRODUCED BY MIKE BUSBY FOR THE BENEFIT OF MIKE BUSBY WHO IS A FINANACIAL ADVISOR FOR BRANDON LINDSAY INSURANCE AGENCIES, A TRADE NAME REGISTERED WITH INVESTIA FINANCIAL SERVICES INC., AND DOES NOT NECESSARILY REFLECT THE OPINION OF INVESTIA. THE INFORMATION CONTAINED IN THIS ARTICLE COMES FROM SOURCES WE BELIEVE RELIABLE, BUT WE CANNOT GUARANTEE ITS ACCURACY OR RELIABILTY. THE OPINIONS EXPRESSED ARE BASED ON AN ANALYSIS AND INTERPRETATION DATING FROM THE DATE OF PUBLICATION AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. FURTHERMORE, THEY DO NOT CONSTITUTE AN OFFER OR SOLICITATION TO BUY OR SELL ANY SECURITIES. MUTUAL FUNDS OFFERED THROUGH INVESTIA FINANCIAL SERVICES INC.
