Life insurance is primarily intended to provide income to a beneficiary in case of the death of the policy holder, but it can also be used for wealth management and estate planning.
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St. John, New Brunswick
Peter: I have worked hard over the course of my life to build a future not only for myself, but for my family as well. A few years ago I found out that when I die my three estates are taxable at an extremely high rate. I talked to an advisor, and got some great advice on how to deal with this.