& INSURANCE SERVICES LTD. R. E. Reynolds Investments
Working Towards Life's Solutions ®
Family Life Insurance Mortgage Insurance Individual Home Protection Plan Estate Liability Insurance
Estate Liability Insurance It is said, "You buy life insurance to create an estate", but later in life, "you own life insurance to conserve your estate". If you possess capital assets such as commercial real estate, land, a family cabin, or company shares, your estate may need to pay capital gains tax on 50% of their increased value. Life insurance can provide your estate with the needed liquidity versus selling of assets. ﷯ Permanent life insurance can also provide equalization benefits for your beneficiaries, ie. if one of your children is named as the beneficiary for your RRSP/RRIF, there will be up to a 43% tax liability claimed against your estate. Permanent life insurance can provide the liquidity needed so your remaining beneficiaries are not strapped with this unforseen estate liability.
Hours: 9:00 AM to 5:00 PM Monday to Friday appointments are suggested
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Richard Reynolds CLU ChFC Chartered Life Underwriter Chartered Financial Consultant Robert Reynolds CFP, GBA Certified Financial Planner Certified Group Benefits Advisor
Contact Us:
Please contact us if you have questions or would like us to prepare a custom service package based on your needs. Tel : Rick (250) 881-2423 Rob (250) 220-0495 email: info@rerinvest.ca Victoria Office, 670 Newport Ave Victoria, BC V8S 5C7 North island Office, 3713 Shoreline Drive, Campbell River, B.C. V9H 1L8