By far, as the largest demographic with disposable wealth, boomers are looking for higher potential returns while preserving estate values and wanting to transfer assets to their beneficiaries. Doing this through a Will and probate1 is fraught with problems: long delays/challenges, additional costs, lack of privacy, exposure to creditors which can all lead to assets being left to unintended recipients.
An alternative solution
With BMO GIFs, your clients can get a simple solution to the investing dilemma and estate administration process: ► | Timely payments made directly to intended beneficiaries | ► | Maximum transfer of wealth since no estate administration, executor or associated fees apply | ► | Privacy (minimizes conflict amongst heirs) | ► | Protection from stock market drops and creditors2 | ► | Automatic triennial death benefit guarantee resets that lock-in market gains3 | ► | No complicated paperwork and fees associated with the set-up and maintenance of a trust |
Take a look at the following case study to find out how BMO GIF can simplify the estate preservation and wealth transfer process.
1 The probate process and its fees may not apply in Quebec.
2 Creditor protection rules vary by province and cannot be guaranteed.
3 GIF 75/100 and GIF 75/100 Plus: Automatic resets of the Death Guarantee Amount occur every 3rd policy anniversary up to and including the last policy anniversary before the Annuitant’s 80th birthday.
Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. BMO Life Assurance Company is the sole issuer and guarantor of the BMO GIF individual variable insurance contract. This document provides general information. Please consult the Policy Provisions and Information Folder for details of BMO GIF. | 
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