Financial impact of death

Updated: Aug 18, 2018



•The loss of income, if the life insured is employed and supports his family;

•The cost of replacing a caregiver, if the life insured is the primary caregiver of the family’s children;

•The need to repay debts, including a mortgage or a personal loan;

•Income taxes that result from the deemed disposition of capital property at death.

©2018 BY FINANCIAL INSIDER.