1-888-451-6133 [email protected]
You already have excess wealth that you plan to pass on to the next two generations. You want them taken care of financially and have likely earmarked a portion of your investment portfolio for them.
One issue that arises is that all non-registered investment growth is eroded by taxation.
 
 

A tax-free permanent insurance policy can make sure your financial legacy extends all the way to your grandchildren.

 

A tax-free permanent insurance policy can make sure your financial legacy extends all the way to your grandchildren.

Have you considered a generational wealth transfer using permanent life insurance? You can take out an insurance policy on your adult children and investment growth in these plans is not subject to annual taxation, increasing your overall wealth. As the owner of the plan, you control money growing inside and can access it during your lifetime if needed.

 

 

Your Child

child cfs wealthWhen you purchase the plan and ensure your child, they have a valuable asset right away: life insurance protection. You can transfer the policy to them at any time tax-free, however, most people will transfer the policy at the time of their passing. This is done seamlessly by naming them as contingent owners on the plan. As the new owner, they now have access to all the money that is growing inside the policy. This money can be used to help buy a home, supplement their retirement, or help fund their child’s education.
 
 
 

 

Your Grandchild

grandchild cfs wealth

By naming them as the beneficiary of the policy, you have helped put a foundation in place they can build on. As the named beneficiary on the policy at the time of your adult child’s death (hopefully well into the future) your grandchild will receive the death benefit proceeds tax-free.
 
 
 
 
 

This is a great way to help extend your financial legacy. You worked hard to earn it. Make sure your loved ones are the beneficiaries.

generation wealth transfer process cfs wealth

 
If interested in learning more,
Don’t hesitate to reach out to us today.
CFS Wealth 1-888-451-6133 or fill out our contact form.
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CFS Wealth Management works with Canada’s most trusted financial institutions.
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

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Head Office
22 Kaia Crt
Maple, ON
L6A 4T9

Monday-Friday: 9AM-5PM
Tel: 1.888.451.6133
Email: [email protected]

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Head Office
22 Kaia Crt
Maple, ON
L6A 4T9

Secondary
9980 Dufferin St.
Box 20011
Maple ON
L6A4M4

Tel: 1.888.451.6133
Fax: 1.866.410.2675
Email: [email protected]

Mon-Fri: 8AM - 6PM

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
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