Stovel Asset Management - Individuals & Families

Using insurance to protect your personal assets

We understand that creating and managing your wealth is just part of the equation. It's also important to preserve it. Through the use of insurance strategies, we can help you preserve your wealth during your lifetime and protect and maximize the value of your estate for your family and other beneficiaries.

Instances where we use instance to protect your personal assets:

Estate creation and preservation

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You can offset costs that are incurred at death and preserve your estate by having insurance proceeds pay them for you. Taxes, liabilities, estate-related and other future costs can all be offset by your permanent insurance coverage. By taking advantage of the preferred status of tax-exempt life insurance, you can maximize the value of your assets and maximize the value being transferred to the next generation. Living benefits insurance is also vital to estate preservation, by ensuring funds are available should you require them at a time of illness.

Tax minimization

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Tax-exempt insurance can reduce taxes you pay on annual investment growth, as well as taxes payable when you pass away.

Income enhancement

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Certain solutions using insurance products can provide a supplemental stream of cash, thereby enhancing retirement income. The net income derived from this strategy may be significantly higher than what is achievable with traditional fixed-income vehicles, especially during times of low interest rates.

Disclosure: Insurance products are offered through RBC Wealth Management Financial Services Inc. (“RBC WMFS”), a subsidiary of RBC Dominion Securities Inc.* RBC WMFS is licensed as a financial services firm in the province of Quebec.