How can you benefit from our permanent insurance options?
Tax-Advantaged Investment Growth: Investments
held within a suitably funded life insurance policy (exempt
contract) are tax sheltered, providing you with one of the
few opportunities to increase your investment portfolio without
increasing your income tax payment.
Tax-Free Insurance Benefits: The insurance
proceeds of an exempt life insurance policy are paid tax-free
to your chosen beneficiaries.
Diverse Investment Options: You can choose
from plans that offer a wide range of investment choices,
from options with returns linked to stock market indexes to
guaranteed interest accounts (GICs)
Flexible Coverage Options: Some plans provide
coverage that remains constant over the life of the policy.
Others allow you to choose from a variety of coverage patterns
including protection that grows with your policy over time.
Additional Insurance Benefits: You can add
benefits to your policy including protection for additional
lives, such as your children, and coverage to secure you in
the event of a disability or critical illness.
Estate Planning and Creditor Protection:
Your life insurance policy may be protected from the claims
of creditors by naming a family member such as a spouse, child
or parent as your beneficiary - you can learn more about this
from your legal advisor. And with any named beneficiary, the
proceeds of your policy are paid directly to that person bypassing
the costs and delays of wrapping up your estate.
How can these benefits be applied to your life?
During your lifetime, permanent insurance can:
- Fund your children's post-secondary education
- Accumulate additional retirement assets and provide retirement
- Maximize your estate with tax-sheltered growth and tax-free
- Assist funding of a Partner/Business buy-out
The death benefit of your permanent life insurance
- Provide income to your loved ones and beneficiaries
- Ensure your mortgage will be paid
- Pay your final expenses
- Cover capital-gains taxes payable at death
- Fund a business transfer
- Create a legacy for your chosen charity