Naming a successor owner on a life insurance application or while a life insurance policy is inforce can mean avoiding time-consuming and costly administrative steps later on. In this episode, Dianna Flannery, Senior Tax, Retirement and Estate Planning Consultant and Nawel Izard, Tax, Retirement and Estate Planning Consultant at Manulife chat about the legal and tax benefits to naming a successor owner and why failure to do so may be costly. Visit Manulife.ca/TheManulifeExchange to learn more.
Naming a successor owner on a life insurance application or while a life insurance policy is inforce can mean avoiding time-consuming and costly administrative steps later on. In this episode, Dianna Flannery, Senior Tax, Retirement and Estate Planning Consultant and Nawel Izard, Tax, Retirement and Estate Planning Consultant at Manulife chat about the legal and tax benefits to naming a successor owner and why failure to do so may be costly.
Visit Manulife.ca/TheManulifeExchange to learn more.
Manulife’s guide to naming a successor owner:
Manulife’s tax topics and videos on transferring a life insurance policy: