9:00 AM to 5:00 PM
Monday to Friday
appointments are suggested
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.
Please contact us if you have questions
or would like us to prepare a custom service
package based on your needs.
Tel : (250) 595-2419 Fax : (250) 592-4953
Victoria Office, #206 - 2187 Oak Bay Avenue
Victoria, B.C. V8R 1G1
North island Office, 3713 Shoreline Drive,
Campbell River, B.C. V9H 1L8
R. E. Reynolds Investments
& INSURANCE SERVICES LTD.
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