Caisses Desjardins du Québec and Caisses populaires de l'Ontario [Change site]
Retirees may find life and health insurance particularly useful for several reasons:
1. Settling funeral expenses in advance |
In general, financial advisors estimate funeral expenses at $10,000 per person (funeral home, religious service, burial, tombstone and, as the case may be, a reception for loved ones, etc.).
The $2,500 death benefit provided in Quebec by the provincial pension plan covers only a portion of these costs. The benefit is paid to individuals who have made sufficient contributions to the plan, i.e. most workers in Quebec. It is added to other estate income and is therefore taxable. |
2. After-death taxes |
When a person dies, the tax implications can be significant, which is why some people take out insurance to protect the value of property bequeathed to loved ones. When the time comes, the insured amount will cover the amount due in taxes.
|
3. Inheritance and planned donations |
You can also take out personal insurance to leave a financial inheritance to one or more loved ones, or to make a donation to a charity or research organization, for example. These are personal, not financial decisions.
|
Don't hesitate to meet with a financial security advisor1; he can recommend life and health insurance coverage tailored to your needs.
![]() |
||
Make an appointment with a financial security advisor at a caisse.
|
||
1. Ontario Life and Health Insurance Agent.
Do you have disability insurance?
Copyright © 1996-2009, Fédération des caisses Desjardins du Québec. All rights reserved.