Life Insurance can be a useful tool for both Estate Planning and Charitable Giving.

Existing policies should be reviewed. They often have outdated beneficiary designations, may no longer be needed, or may be able to fill a different purpose, such as a gift to a favourite charity.

Life Insurance policies provide privacy, are usually settled in a timely manner since they are outside the estate, the proceeds are not taxable to the beneficiary, and they may have increasing face amounts due to dividends.