Legacy Moves: Turning Life Insurance into a Million Dollar Gift

💸 The $1.9M Secret to Protecting Your Family's Future (That Most Canadians Overlook!) 💸 Think you're leaving a fortune behind for your family? Think again. In this eye-opening episode of Smokin' Bulls, we break down how estate taxes, legal fees, and hidden costs can quietly drain MILLIONS from your hard-earned wealth. 💡 Special Guest: Lori Hartrey, Regional Sales Director at Desjardins Insurance, reveals how smart Canadians turn life insurance into a tax-saving, legacy-building strategy — transforming a modest policy into a $1.9M gift for family or charity. 🔑 What You'll Learn: ✔️ How estate taxes REALLY work (it's worse than you think) ✔️ Why your kids might be forced to sell your cottage — fast ✔️ The CRA's timeline: How long you really have to pay up ✔️ How to turn a simple life insurance policy into a powerful wealth strategy 🎯 If you're building generational wealth, this episode could literally save your estate millions. #WealthPlanning #EstateTaxes #LifeInsuranceStrategy #GenerationalWealth #FinancialFreedom #SmokinBullsPodcast 🔗 For more resources: https://advisor.wellington-altus.ca/towerwealthadvisory DISCLAIMER: The information contained herein has been provided for information purposes only, and it is solely the opinion of the guest speaker. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change, which may impact the information contained in this document. Transactions of the type described herein may involve a high degree of risk, and the value of such instruments may be highly volatile. Such risks may include, without limitation, risk of adverse or unanticipated market developments, risk of issuer default and risk of illiquidity. In certain transactions, counterparties may lose their entire investment or incur an unlimited loss. This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described herein, and counterparties should ensure that they fully understand the terms of the transaction, including the relevant risk factors and any legal, tax, regulatory and accounting considerations applicable to them, prior to transacting. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor. © 2025, Wellington-Altus Private Wealth Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION. www.wellington-altus.ca