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Life Insurance |
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Individuals can use life insurance as a Tax Free vehicle
to : |
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* ensure the financial
security of your loved ones
* protect your assets from Canada Revenue Agency
(the taxman)
* protect your home and/or cottage (see further
down for additional details)
* reduce the taxes you pay
* equalize the inheritance among your children
* protect your RRSPs and RRIFs
* create an immediate and significant estate
* pay off all outstanding debts (loans,
credit cards, taxes, etc)
* retire with a 100% Gteed rate for life,
with returns above GICs
* increase your retirement income
* provide tax deferred investments outside of
your RRSPs
* provide a tax free Estate Transfer to your
beneficiaries
* "buy term and invest the difference" on a tax
deferred basis
* save taxes and leave a legacy to your
favourite charity |
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Professionals and Business owners can use Tax Free life
insurance for: |
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* funding partnership
Buy-Sell Agreements
* protecting the business from the loss of a
key employee
* business loan and line-of-credit protection
* split dollar retirement and protection for
key employees
* pay the capital gains taxes to ensure assets
remain in the company or family
* providing Supplemental Executive Retirement
Programs
* Retirement Compensation Arrangements (RCA)
* Set-up a "turbo-charged" RRSP through an
Individual Pension Plan (IPP) |
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A proper life insurance program will ensure that: |
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* your taxes are
minimized during and after your lifetime
* your family and loved ones will be
financially protected
* your estate is distributed in a timely and
orderly manner
* your goals for estate planning have been
satisfied; i.e
Wealth Creation, Accumulation, Preservation,
and Transfer |
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Where else can you buy
$1 Tax Free
for only
2
to
3 cents per dollar? |
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Insurance policies are not
created equal. Nuances in policy definitions
and provisions can mean
the difference between rock solid protection and
mediocre coverage ... getting paid vs. not getting paid.
Contact us to
provide you with expert analysis and unbiased honest
advice for your specific requirements! |
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Mortgage Insurance
( This section also applies to business loans
and business operating lines of credit) |
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Are you protecting you and your family?
or
Are you protecting
your bank? |
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In the event of
your death, do you want the cash to go to
your FAMILY
and let your beneficiaries decide what to do
with the money
or
do you want the cash go directly to your BANK /
mortgage lender?
In the event of
a death or critical illness do you want the tax
free cash to be paid to YOU
or your family to decide how best to use the
money
or
do you want the cash to be paid to your BANK /
mortgage lender? |
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We look after
YOUR best interests … not those of
your Bank.
We protect you and your family …
not your Bank / mortgage lender. |
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Financial
Institution Certificate
from
your Bank, Trust Company or Credit Union
officer |
Personally Owned Policy
from
your trusted and professional Insurance
Advisor |
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------------------------------------------------------------ |
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Who has Control?
* Your financial institution is the
Beneficiary
* The institution holds the contract,
you hold a Certificate
* The institution or the insurance may
cancel the
coverage |
You have 100% Control
* You appoint the Beneficiary of your
choice
* You hold and own the contract (i.e.
the policy)
* Only you have the right to cancel the
policy
. |
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Do you have
much Freedom?
* Your
protection cannot be moved to another
institution
* You must re-apply every time you
change institutions
* You must be in good health every time
you re-apply
* Coverage usually limited to primary
residence |
You have total Freedom
* The policy follows you to the new
institution
* There is no need to re-apply
* You still have protection if your
health deteriorates
* Applies to residential, commercial,
or business loans |
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What is the extent of
your Flexibility?
* Coverage usually terminates at age 65
* Coverage is limited to the mortgage
balance
* Coverage terminates when the mortgage
is fully paid
* Coverage terminates if you sell your
home
* No changes (or very limited changes)
are permitted |
You have complete Flexibility
* Term insurance usually available to
age 85
* You may purchase any amount you
require
* Your coverage can continue to age 100
* Policy continues
(if you wish)
even if your home is sold
* You have total control to make
changes when needed |
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Are you getting the best
Value?
* One price for all in your age group
* Benefits decrease with your mortgage
balance
* But your premiums remain level (or
can be increased)
* Your coverage is not guaranteed and
may be cancelled
* Same rates for Smokers and
Non-Smokers
* Same rates for all customers
regardless of health
* Subject to 13% HST |
You will get the best Value available
on the market
* You can choose from 10 top life ins.
companies
* Your benefits never decrease
* Your premiums are guaranteed for the
entire contract
* Your contract is fully guaranteed
* Discounts for Non-Smokers and Females
* Discounts for customers in good
health
* No HST |
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Who provides Service
when it is needed?
* A financial institution employee will
service you
* Proceeds go directly to the financial
institution
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You will get trustworthy and
knowledgeable Service
* We will expertly look after your best
interests
* We will meet with your beneficiary to
decide
the best course of action
appropriate at the time |
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Let us save you money,
provide better protection,
and make sure the money goes directly to you /
your family! |
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For your safety, applying for insurance has never
been easier!
No medical exams
... No stress tests ... No blood ... No urine
No needles ... No nurses ... No need to meet
face-to-face.
Your application is taken over the phone
by myself
or on-line via Zoom.
We do not
have to meet in person. |
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