top of page
  • Jeremy Stankov

As weird as it may sound at first...

Imagine giving the next generation, your kids and grandkids, a head start, a cash infusion, money to start a business, put a down payment on a house or simply the lifetime gift of insurance.

Imagine transferring that wealth from one generation to the next tax-efficiently.

This is the gift of permanent life insurance.

Now, this won’t apply to every single person, but I think it should apply to a large chunk of people.

Let’s say we have a couple who are both 65 and are collecting CPP at 70%.

This gives them a monthly take of $1,829 as per my calculation.

Let’s also say they have 6 grandchildren from their extended family.

If they don’t need that $1,829 each and every single month to live, why don’t they split it into 6 children policies and pay it up over 10 years.

This works out to be about $300/month for each child for an insurance policy.

And, what does that do exactly for their grandkids.

I don’t want to complicate things here, but if they bought such a policy on their 5 year old grand daughter, they’d have:

$42,000 of cash value at age 25 growing to $900,000 by age 85.

And, if we multiply that by 6 grandkids, their $1,829 monthly deposit to insurance plans would yield, are you ready for it:

$6,665,280 tax-free benefits over the lives of their grandkids.

All from an $1,829 monthly payment that they didn’t even really need.

Talk about leaving a legacy.

If you're interested in learning more, book your free consultation below.

2 views0 comments

Recent Posts

See All

Enhancing Your Group Retirement Savings Plan

Regular CAP compliance reviews are an essential part of properly servicing your group retirement savings plan. Ensuring compliance with industry guidelines is crucial for the long-term success of your

Do you have mortgage insurance? We should talk...

Do you have a mortgage? If you do and you have mortgage insurance, we should talk...Because, you're paying for insurance that you don’t own and may not even pay out – not to mention it’s worth less ev

The 4 things you can do with your money...

Essentially, there are 4 things you can do with your money – 1.       Spend it all. 2.       Leave it to your kids/grandkids/family. 3.       Leave it to charity. 4.       Leave it to the government.


Please Complete This Form To Get Started

Your information will not be shared or used for any purpose other than to contact you in response to this request.

Would you rather talk now? 

Call us at 1-416-320-2218.

What type of insurance do you want to talk about?

Thanks for submitting!

bottom of page