Your life. Your financial plan.

Description: Description: This animated video introduces a character named Bill and his advisor with illustrated graphics to show how you can give to charity using life insurance.

Text: Ask an advisor” appears. The camera zooms out as the text lands in an outlined square. “How can I give to charity using life insurance?” fades in below. An illustration of a hand holding a heart appears on the right side of the frame.

Bill: I want to use some of my money to support charities that are important to me. How can I do that?

Description: Bill and his advisor sit opposite one another in a room setting.

Advisor: There are lots of ways to give, but one way to enhance your donation is with life insurance.

Description: Screen transitions to an illustration of a life insurance policy.

Advisor: Your donation is the life insurance policy.

Description: The life insurance policy illustration moves to the left of the screen, and an illustration of stacks of coins appears to the right of it.

Advisor: When you die, the charity gets the payout on the policy which is generally larger than your original donation.

Description: The illustration of the stacks of coins gets larger than it was originally.

Bill: Would I still get a tax credit?

Description: Screen transitions to an illustration of Bill talking.

Advisor: Of course. One of two ways. If the charity is the policy owner and beneficiary, you’ll get a donation tax receipt for your premium payments from the registered charity.

Description: Screen transitions to 2 illustrations. To the left is an illustration of a hand holding a heart with text “Policyowner and beneficiary” below it. To the right is an illustration of a document and per cent sign with the text “Tax credit for premium payments” below it.

Advisor: Or, if the charity is the just the beneficiary, your estate gets a donation tax receipt when you die.

Screen transitions to 2 illustrations. To the left is an illustration of a hand holding a heart with text “Beneficiary” below it. To the right is an illustration of a document and per cent sign with the text “Donation tax receipt when you die” below it.

Bill: This sounds like a great way for me to make my mark today and grow my impact down the road.

Description: Screen transitions to Bill and his advisor sitting opposite in a room setting.

Advisor: Excellent. Let’s talk about using life insurance to support your favorite charity.

Description: Screen transitions to white background with text: Let’s talk about using life insurance to support your favorite charity.

Canada Life logo appears. Legal text appears: Canada Life and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-204-946-1190.

Description: This animated video introduces an illustrated character Kim and her advisor to show how to withdraw money from an RESP for a child for post-secondary education.

Ask an advisor” appears. The camera zooms out as the text lands in an outlined square. “How do I withdraw money from an RESP?” fades in below. An illustration of a graduating student draws on the right side of the frame.

Kim: My oldest child will be ready to start post-secondary school soon.

Description: Kim talks on a cell phone in her living room while her son reads a book at a nearby table. Screen splits in half to include the advisor on the right half, sitting in an office.

Advisor: That’s great news!

Kim: How do we withdraw money from his registered education savings plan?

Description: Screen moves to full view of the advisor in her office.

Advisor: We’ll contact your RESP provider with proof that he’s enrolled in a qualified post-secondary educational program.

Description: Screen changes to circle with $5,000 in it. Above the circle, text that says 1 weeks starts to spin until it reads 13 weeks.

Advisor: Once you’ve done that, if he’s attending full time, the most you can withdraw is $5,000 during the first 13 weeks he’s enrolled.

Description: Text in circle changes to read $2,500. Above the circle, text changes to read part time.

Advisor: If he’s going part time that limit is $2,500.

Description: Text in circle changes to read Any amount. Above the circle, text changes to read After 13 weeks.

Advisor: After that, you can request withdrawals of any amount with no limit unless he takes a break from studies and doesn’t re-enrol within 12 months.

Description: A dollar sign in a circle appears on screen, then transitions to become one date on an illustration of a calendar. Screen transitions to Kim in her living room again.

Kim: What can we use the money for?

Description: Screen transitions to image opf Kim’s son in a school setting, then a bookstore, then an apartment.

Advisor: Tuition, textbooks, living expenses. Stuff like that.

Description: Screen transitions to Kim in her living room again.

Kim: And what if he decides not to go to post-secondary school?

Advisor: You have options, including moving the money that you put into the RESP to your registered retirement savings plan.

Description: Screen transitions to illustration of a piggybank with letters RESP under it, then money moving to another illustration of an easy chair with the letters RRSP under it.

Screen transitions to advisor in your office again.

Advisor: Once he’s firmed up his plans, let’s talk more about withdrawing the RESP money, including how those withdrawals will be taxed.

Description: Text – Let’s talk. Contact me today appears onscreen with the legal line: “Video produced by Canada Life. canadalife.com 1 888 252-1847."