How some financial products can keep more money in the family.
Settling an estate can be a time-consuming and costly exercise. And after working hard your whole life, you want to ensure your legacy is passed to your heirs in the most efficient and cost-effective way possible. This is where segregated funds and guaranteed interest contracts (GICs), financial products sold by an insurance company, can come in handy. By letting you name a beneficiary, these products help keep more of your money in your family, among other things.
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