Comparison of Common Types of Life Insurance
In general term, life insurance plans fall into one of two categories:

 Legato1
​ Life Insurance for 10 or 20 Years
 Monthly or Annual Premiums
 * Fitness Program


 Tax-Free Death Benefit
 Tax-Free Dividends (CDA)

​ Term Life
​

2Legato2
  Life Insurance ~ 15 or 20 Years
  Single Premium Deposit
  Mututal Fund Investment

​​ Tax-Free Investment Growth
 Tax-Free Death Benefit
 Tax-Free Dividends (CDA)

​ Universal Life

​ Legato3
 Life Insurance For A Lifetime
 Deposit Premiums Over 7-10 Yrs
 5%+ Yield from Investment Pool
 "Fully Paid Up"

 Tax-Free Investment Growth
 Tax-Free Death Benefit
 Tax-Free Dividends (CDA)

Whole Life PAR

Steps To Legato1

Corporate Legato3 Information

Term Insurance (Legato1)

Life insurance protection for a specific, limited amount of time, typically to age 70 or 75.
​

• ​Each 10 year or 20 year policy term is renewable until the life insured reaches that age without a medical review.
• Lowest premium costs.
• No cash value
• Often used for a specific need like protecting a young family or insuring a home mortgage.
• ​Tax-free payout to beneficiary(s) on passing of life insured.

​** Steps to Legato1: start here.

  ​Permanent Insurance 
​(Legato2 & Legato3) 

Life insurance protection that can last a lifetime.

• ​Permanent life insurance coverage on person or shareholder.
• Tax-free growth of Legato policy just like an RRSP or TFSA.
• Legato2 creates tax-protected mutual fund investment.
• Legato3 creates tax-protected commercial real estate and corporate bonds investment, typical yielding 5-6% per year. 
• Tax-free death benefit payout of the Legato policy paid to the named beneficiary(s), such as a spouse or family member(s), upon the passing of the life insured.

For Corporately-Owned Legato3 Policies

• Tax-free payout of the death benefit into the corporation upon the passing of the insured shareholder.
• Tax-free dividends can be distributed to the shareholders's estate or other owners due to the large CDA generated by the payout of the Legato3 death benefit into the corporation.

​** Steps to Legato3 for life: start here.