Estate Protection
Keep your hard-earned money in the family
With Canada Life Estate Protection policies, the death benefit proceeds go directly to your named beneficiaries and avoid estate administrative costs. This product provides an immediate 100% guarantee on notification of death of the last annuitant for all premiums applied to the policy prior to age 91 of the annuitant (less any redemptions). Estate Protection policies are available to annuitants between age 80 and 90.
Benefits
- You can name your beneficiaries.
- You may save on estate costs.
- You can keep the details of your estate private.
- Your money passes to your beneficiaries immediately.
- You can choose how your beneficiary receives the death benefit proceeds—as a lump sum or as an income stream.
- You have a wide choice of investment options.
A description of the key features of Canada Life’s Estate Protection contract is contained in the information folder, available from your advisor.
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