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Document Id : 269
File Type : Rich Text Format
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Canada Will Clause re Insurance Proceeds
Add this clause to a Will made in Canada to direct how life insurance proceeds are to be distributed.
- The testator (person making the Will) declares that the proceeds of life insurance policies, except for RRSPs, are to form part of the estate and be paid to the beneficiaries as such.
- This clause is intended to be considered a declaration within the meaning of the Insurance Act.
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