Explore how insurance solutions may help you protect the value of your estate and fund your estate’s tax liabilities.
Enjoy the peace of mind that comes from knowing you will live comfortably in retirement and potentially leave something for your family in your future estate. At RBC Wealth Management Financial Services, we can help you and your trusted professionals identify opportunities to protect and preserve your wealth.
Without proper planning, the value of your assets could be reduced by a hefty tax bill. While the tax bill may be relatively low today, it may increase over time as your assets do. Your estate may not have enough liquid assets or cash on hand to pay this bill and may have to decide which assets to sell to fulfill the obligation.
Life insurance may help leave your estate intact. It is the most cost-effective method of funding the tax liability associated with transferring your assets when you die. A policy benefit offers immediate and tax-free liquidity to help meet other estate obligations, which may include probate and settlement costs.
Rely on our in-depth knowledge to determine the appropriate coverage for your personal and corporate needs.
Life insurance may help with
Most people think of using insurance to protect what they own or provide for loved ones when they pass away. But what happens if you’re diagnosed with an illness, survive a severe accident, or can no longer care for yourself due to illness or age?
Living benefits insurance provides you with funds if you cannot work, have to pay additional recuperative costs due to your medical condition, or can no longer live independently. There are three types of living benefits: disability insurance, critical illness insurance and long-term care insurance.
Living benefits help you when you’re unable to work, recovering or require care at home or in a retirement residence. These benefits help protect your financial stability, so you can focus on living well today and tomorrow.
Living benefits insurance may help with
Everyone would like higher returns, but few are willing to assume the higher risks usually associated with those types of investments. With that in mind, you may want to consider a segregated fund.
Traditional segregated funds are an insurance-based solution that combines capital protection and growth. Although they are like mutual funds, segregated funds provide a maturity guarantee and a death benefit guarantee for added peace of mind. Regardless of market performance, these funds guarantee 75 percent to 100 percent of your principal at maturity.
These funds also offer you the flexibility for diversity and growth potential. Let us help you and your trusted professional find the traditional segregated fund that suits your needs.
Income wealth solutions may help with
“RBC Wealth Management Financial Services Inc. continues to enhance our client experience and ensure all areas of our client’s financial affairs are taken care of. They support our clients with everything from business succession planning to wealth preservation to guiding the transitioning of wealth to the next generation. Their expertise is unmatched and an integral part of the wealth planning process.”
Alexander TettmarSenior Portfolio Manager and Wealth AdvisorTettmar Private Wealth ManagementRBC Dominion Securities Inc.
Connect with RBC Wealth Management Financial Services or speak with your RBC advisor* to learn more about insurance planning.
*Advisors at RBC Dominion Securities or RBC Phillips, Hager & North Investment Counsel can assist you with insurance planning.
Discover how insurance solutions may help you prepare for what happens with your estate—and provide for your beneficiaries and the causes you care about—after you’re gone.
We can show you how insurance solutions may protect against the risk of future financial loss and help generate additional retirement income.
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Offset costs incurred at death by having life insurance proceeds pay them for you. The preferred status of tax-exempt life insurance may help you maximize the value of your estate and the value transferred to the next generation.
Traditional segregated funds help preserve what you have built and may capture future market growth. Income segregated funds provide guarantees for a stable retirement income, regardless of market changes.
Consider providing life insurance coverage for your executives. This offers protection for their family if they die, and the business may benefit from an investment offering tax-deferred growth.
People play a crucial role in your company. In the event of their disability, illness or death, a costly void may be created. Life or living benefits insurance on key people may help mitigate these costs.