Insurance Overview

Life insurance is one of the most important steps you will take in the development of a sound financial strategy. It can provide both peace of mind and future security to those who depend on you.

Generally, life insurance guarantees the payment of a pre-specified amount of money upon your death and is paid tax-free to the beneficiaries chosen by you. Life insurance is unique in its ability to create financial certainty in a changing world.

Life insurance is typically used to provide for final expenses to retire outstanding debts, provide income for dependents, preserve capital for the next generation, endow charities and ensure business continuation. It is also used to create estates and to shelter investments from taxation while accumulating.

Insurance provides numerous benefits in the distribution and planning of an effective financial strategy. Life insurance proceeds are paid directly to your named beneficiaries, by-passing your estate. This means a fast and efficient settlement of the insurance proceeds to your chosen beneficiaries. By-passing your estate also means that there are no probate, legal or executor fees levied on these assets.

Insurance products need to be considered as part of many financial, retirement, and estate planning strategies. A life licensed Investment Advisor will be of great value to assist you throughout this process.

Use our Find An Advisor tool to locate a CIBC Wood Gundy Investment Advisor near you and take the first step to achieving the financial future you want.

The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.

Insurance services are available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are available through CIBC Wood Gundy Financial Services (Quebec) Inc.