There are ways insurance can provide security while offering a fresh perspective on solutions to complement your wealth plans. We can help you, your family and your business take full advantage of these opportunities.
Discover how insurance may help support your individual goals and those for your family, your retirement and your legacy.
Your ability to earn an income might be your greatest asset. Help protect it with living benefits insurance, which may provide funds to offset living expenses when you are unable to work.
If you should die unexpectedly, life insurance proceeds may help provide funds to those who depend on you, so they have financial stability. Funds could go toward paying a mortgage, childcare or education funding.
If you are in the early stages of creating wealth, insurance may be a low-cost way to create a financial safety net should you or an income-earning spouse pass away.
Life insurance coverage is a way to spread the risk associated with the loss of an income-earning spouse. The proceeds may provide funds quickly to cover estate taxes, outstanding bills and funeral expenses.
Combining life insurance and a life annuity may provide an alternative to traditional fixed-income investments. This strategy is designed to maximize after-tax retirement income and create a guaranteed income lasting a lifetime.
The cash value in your life insurance policy isn’t beyond reach. Through planning, those accumulated funds may be accessed in a tax-efficient manner during your lifetime. We can show you how.
Several insurance-based income solutions offer guaranteed income, investment protection and tax efficiency. These solutions may help diversify or enhance your investment portfolio.
Are you concerned about outliving your retirement savings? Segregated funds allow you to enjoy the security of a GIC and the performance potential of the stock market without risking your savings.
Integrating life insurance into your plans may help to protect the value of your assets and provide your heirs with the funds necessary to pay the taxes due upon your death.
Living benefits insurance may be vital to providing funds should you require medical care benefits due to injury or illness. You’ll receive money for care today while protecting the growth of your investment portfolio.
Offset costs incurred at death by having life insurance proceeds pay them for you. Life insurance may help you maximize the value of your estate and the value transferred to the next generation.
Instead of investing estate-bound assets in traditional investments, they can be used to purchase a tax-exempt insurance contract, offering asset protection.
You can reallocate a portion of your fixed-income investments to purchase life insurance with a cash value feature. This may eliminate the annual taxes you pay on your investment growth and those payable when you die.
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.
Discover how insurance offers you a tax-protected opportunity for growth. You may also use insurance to help resolve potential estate planning pitfalls regarding tax obligations upon your death.
You can create a legacy with your charitable support. Discover how insurance solutions may help you donate to organizations and causes that are important to you.
Traditional segregated funds and GIAs complement your estate planning with the ability to create a legacy by simply and effectively cascading wealth to the next generation.
For assets that are challenging to divide, such as a business or vacation property, life insurance may help create an equal share of the estate.
Including permanent life insurance in your plans may provide immediate liquidity to satisfy estate tax obligations and settlement costs. It also helps ensure the maximum value of your estate is passed on.
A concern beyond creating and protecting wealth is providing for children and grandchildren. Using life insurance, you can protect your wealth, minimize taxes and ensure the efficient transfer of assets.
Discover how insurance may help support business owners and executives for the current and future planning needs of your company.
The ability to cover essential monthly expenses is necessary for the longevity of your business. Living benefits solutions are a way to keep the business viable should an owner or a key employee become disabled and unable to work.
In the event of a death, your business may need funds to ensure its continued operations. Term life insurance may provide funds for buy-sell agreements, to cover the loss of a key person and to repay loans.
Available to seniors who own a corporation, this solution provides additional benefits at death, such as capital dividend account credits and reduced corporate values at disposition.
For business owners wanting to create retirement income, corporately owned permanent life insurance with a cash value feature allows investment growth and supplemental income that can be accessed during their lifetime.
Sharing ownership of a permanent life insurance policy protects a business if an employee dies. At the same time, it motivates them to remain at the company with an attractive, low-cost retirement asset.
Protect your business against potential loss and create the ability to pass the value of its assets out of the company through permanent life insurance.
Consider providing life insurance coverage for your executives. This offers protection for their family if they die, and the business may benefit from 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.
Let insurance help you create a legacy. Available solutions may help business owners extract the maximum value from their business while ensuring they maximize their income and minimize their taxes.
Surplus investment assets in your corporation may be used to purchase life insurance. This may allow you to minimize taxes and maximize the value of the corporation and the amount available to your estate.
Insurance may offer an excellent way to fund a buy-sell agreement should a business partner become ill or dies. Funds generated satisfy the agreement and minimize disruption to surviving partners.
Tax-deferred growth of life insurance may allow corporate assets to avoid accrual taxation and greater growth than if regularly invested. At death, most proceeds can be paid out of the corporation, tax-free.
Reallocating a portion of the corporate assets to purchase insurance may reduce the taxable investment income of the corporation. It may also lower the business value, reducing the capital gains liability.
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.