PARTNERS
For families
Term insurance protects a family during the working years. Permanent insurance is different: it is designed to stay in place for life, so it can fund needs that arrive at death, whenever that is.
We do not start with a policy. We start with your family’s estate tax and goals, and recommend permanent coverage only where it solves a specific problem at a cost that makes sense.
The short answer
Permanent life insurance stays in force for life, so the death benefit is available whenever it is needed. Families use it to pay the tax at the second death, to equalize inheritances when one child receives the cottage or business, and to leave a legacy. A joint last-to-die policy pays at the second death, when the tax usually arrives. It fits when the need is permanent and the premiums are comfortably affordable.
Pay the tax at the second death. A joint last-to-die policy pays when the second spouse dies, which is usually when the estate tax arrives, so heirs are not forced to sell.
Equalize inheritances. When one child receives the cottage or the business, insurance can provide equivalent value to the others.
Leave a legacy outside the will. A death benefit paid to a named beneficiary generally goes directly to them, tax-free and without Ontario probate.
Provide certainty. The amount is known in advance, rather than depending on markets or property prices at the time of death.
An honest test
Permanent insurance is a long-term commitment. It may not fit if the need is temporary, the premiums would strain your budget or your own retirement, or your goals can be met more simply. We will tell you if that is the case.
01
A relaxed conversation about your family, what you own and what you want to protect. No forms and no product discussion.
02
We calculate what your estate would owe and what you want to leave each person.
03
We compare permanent coverage with other ways to meet the same goal.
04
If insurance fits, we design and compare policies across major Canadian insurers.
05
We align ownership and beneficiaries with your will and your lawyer, and review the plan over time.
A single policy covering two people that pays when the second person dies. Couples often use it to fund the tax that usually arrives at the second death.
A death benefit paid to a named beneficiary is generally received tax-free and, in Ontario, does not go through probate.
It is first a way to provide a guaranteed death benefit. Some policies build cash value over time, but whether that suits you depends on your goals, budget and alternatives. We compare them honestly.
Book a free 30-minute call to see whether permanent insurance fits your family’s plan. No obligation.
General educational information. Legal, tax and insurance decisions require advice appropriate to your circumstances.
Eagle Wealth Partners
Preserve Wealth. Protect Legacy.
Serving families and business owners across Ontario. Markham, in person and online.
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Sami Majdalani is a licensed life and accident and sickness insurance agent in Ontario. Verify my licence on FSRA’s website. Insurance and segregated fund contracts are placed through HUB Financial, a managing general agency. Eagle Wealth Partners is paid by commission from the insurers whose products clients buy, and may also receive bonuses or other incentives from insurers. A full disclosure of the insurers we represent, how we are paid and any conflicts of interest is available on request.
Segregated fund contracts are individual variable insurance contracts issued by insurance companies. Any amount allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.
Information on this site is general and is not legal, tax or insurance advice for your situation. Planning is implemented with your legal and tax professionals. © 2026 Eagle Wealth Partners Inc.
