Estate and Succession Planning

Designating Beneficiaries- Tax Free Savings Account

Life Insurance Policies and Registered Plans Naming an individual, a charity, a trust, or a corporation to receive the death benefit of your life insurance policy (“Policy” or “Policies”) or the funds in your registered plans (“Plan” or “Plans”) at death, is called designating a beneficiary. This type of beneficiary designation is different from making a gift in your Will to a named beneficiary or to a specified class of beneficiaries.

Designating Beneficiaries: Life Insurance Policies and Registered Plans