Life Insurance

Our personal protection includes financial planning designed to not only ensure your financial stability, but to also help you achieve your long-term financial goals.

Unique Tax Benefits of Life Insurance

If you’re looking for a way to reduce your taxes, you may not have considered life insurance. A portion of your premium purchases your insurance, while the rest earns interest that is not taxable while it remains in your policy. During the policy owner’s lifetime, growth in the policy’s cash surrender value (CSV) is not considered taxable income.

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Corporate Asset Protection

Protecting your business and reducing Tax, a corporation may buy life insurance so funds are available for:

• Funding a buy/sell agreement
• Debt coverage for a business line of credit or loan
• Replacement and training costs 

  • Tax-Sheltering company funds

A death benefit can help corporations avoid borrowing or withdrawing a large sum of money from business operations at a critical time –
essentially, it can help business continue as usual.

Fund Your Retirement Tax-Free with Life Insurance

Using life insurance can be a tax-effective way to save for retirement – and receive tax-free income in retirement. Here’s how it works:

  1. You make a series of deposits into a universal life insurance policy, allocating the minimum required amount of your deposit to the insurance premiums and the rest to your investments.
  2. Earnings from your investments grow tax free, just like they do in an RRSP.
  3. At retirement, you borrow against the policy’s cash value, receiving tax-free payments to supplement your retirement income.
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Investment Strategy

We will provide the insight to guide your investments, ensuring you’re receiving the right return for your risk tolerance. In addition to understanding your comfort level with risk and reward, we balance risk tolerance and time horizon, aligning your financial needs with the right set of investments to support your future goals.

Guaranteed Investment Funds

Guaranteed Investment Funds (GIFs), also known as segregated funds, are a powerful investment solution that can help you meet your retirement goals. While similar to mutual funds, GIFs offer many additional advantages:

  • Maturity Guarantee. When your deposit matures and is redeemed (minimum of a 10-year period), you receive a top-up payment if the market value is less than the guaranteed amount.
  • Death Benefit Guarantee. If you pass away and the market value of your investment has declined, your beneficiary will receive the guaranteed amount.
  • Estate Preservation. Assets can be paid directly to your beneficiary—bypassing probate, a public process that can be both costly and lengthy.
  • Reset option. A reset option allows the contract holder to lock in investment gains if the market value of the fund contract increases. This resets the contract's deposit value to equal the greater of the deposit value or current market value
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Retirement Readiness Calculator

Retirement planning is about managing your money so you can make the most of your retirement years. Your retirement plan should balance your needs, wants and the reality of your finances.

Click here to determine your progress Government of Canada Retirement Calculator

Calculate Your Retirement Income Here