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Think Wider
Published in January 2020 by Don Anderson @ Legato.
Picture
Beneficiaries coast-to-coast across Canada were positively impacted last year when Manulife distributed ~$1.6B CDN on approx. 15,000 life insurance policy claims.

​272 of those policies paid sums of $1M CDN or more to their named beneficiaries while the largest payout amount reached $18M CDN.

These tax-free monies could have brought some life-changing differences to many lives; keeping a widow out of poverty, providing valuable liquidity for a shareholder buyout so the surviving family can get cash for their shares, supporting a favourite charity or perhaps sending an unexpected gift to a worthy beneficiary.

By thinking wider than their traditional investments, the owners of these thousands of policies created wonderful legacies.

Don Anderson
@ Legato
All articles are listed here.

Copyright 2025 - Legato Wealth Management Inc. 

  • Home
  • About
    • Mission & Principles
    • Our People
    • Strategic Relationships
    • Community
    • Learning & Connecting
    • Contact
    • Meeting Legato >
      • Pre-Application Review
      • Application Process
      • Meeting Checklists
      • Parking
    • Premium Deposits
  • Advice
    • Our Process
    • Protect & Prepare
    • Investing in Life Insurance
    • Pro Plan
    • Philanthropy >
      • My PAR Gift
      • What Is My PAR Gift
      • My PAR Gift - FAQ
    • Policy Search
    • Will Search
  • Articles
    • Be The One
    • Part 1: The Estate Freeze
    • Part 2: Investing For The Estate Freeze
    • Unlocking Intergenerational Succession
    • Freeze, Fund, & Feature
    • Tax Apportionment in Estate Planning
    • Beneficiary Designations and Resulting Trusts Revisited
    • Part 1: Legacy Gifting Private Company Shares
    • Part 2: Legacy Gifting Private Company Shares
    • Reduce Estate Shrinkage
    • Take Time For Your Legacy
    • Take Five
    • Look Across
    • Lest We Forget
    • Retirement Income