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Agatha and Peter run a successful sole proprietorship.

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Agatha and Peter run a successful sole proprietorship. They are 68 and 70 respectively. Peter has a huge registered investment portfolio that will result in significant tax consequences upon his death. When both of them have passed away they would like their registered investment portfolio to go to their son, Alexander, who is 48 years old. The family would like to purchase life insurance to offset the tax liability.

Which of the following plans would best suit the family?

A.

A joint first-to-die plan with Agatha and Peter as the insured

B.

Two separate permanent single life policies with Agatha and Peter as the insured

C.

A joint last-to-die plan with Agatha and Peter as the insured

D.

A joint first-to-die plan with Peter and Alexander as the insured

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