Life Matters… Protect it

Personal Life Insurance Strategies

Insurance

Personal Life Insurance Strategies.

These strategies are more suitable to the clients who have inheritance or who are maximizing their RRSP and TFSA contributions , and still looking for tax deferred growth with a tax advantaged strategy using either Par life insurance or Universal life insurance.

PERSONAL INVESTMENT STRATEGY: Simply redirect some of your money from taxable investments ( non registered ) to pay the premiums for a Par life insurance policy. You can leave more money to your loved ones and save taxes:

  • By redirecting money from taxable investments into par life insurance policy, you pay less tax today and in the future.
  • Policy cash values grow on tax deferred basis.
  • Proceeds are paid to your loved ones tax free.

PERSONAL RETIREMENT STRATEGY: Simply redirect some of your money from taxable investments to pay the premiums for a Par life insurance policy . Use policy cash values as collateral for a tax-free bank loan to supplement your retirement income. Unlike the traditional loans, this loan is repaid using the proceeds from the policy. With this strategy, you can enjoy your retirement :

  • A bank loan can supplement your retirement income with tax free basis.
  • At the end, the life insurance proceeds pay off the loan with the balance paid to beneficiaries.

Save Taxes:

  • By redirecting money from taxable investments into par life insurance policy, you pay less tax today and in the future.
  • Policy cash values grow on tax deferred basis.
  • Proceeds are paid to your loved ones tax free.

Head office address:

10-5 Melanie Dr, Brampton, ON L6T 4K8, Canada.

Call for help:

+1 905-955-5000

Mail for information:

info@www.max.financial