everyone
RESP
Premium insurance for you and your family.
Can only be used for education- 20% penalty levied if not used for an approved school
- Fees on some plans are excessive
- Proof of expense is required to withdraw funds
If you have either maxed out your RRSP or don’t have a lot of room because you are self-employed, the accumulated cash value in this plan can be paid out during retirement on a tax-free basis.
Similar to an RRSP, money inside a permanent life policy is deemed by Revenue Canada to be tax-exempt and therefore grows tax free.
Life insurance offers you the protection you need and the peace of mind that comes with knowing loved ones and/or business interests will be looked after once you pass on.
Every year you get a policy statement indicating the cash value and estate benefit value that are guaranteed. Unlike your regular investments (stocks, bonds, mutual funds) which fluctuate year by year, every year dividends are paid in, these values guaranteed and vested.
Both the cash value and death benefit can be creditor proof, and the death benefit is not considered family assets in the event of marriage breakdown (unlike the RRSP and TFSA).
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
This sample illustrative scenario is based on contributions made over a 20 year period for a male age 35 non-smoker. The projected values are based on a Canadian insurance company's current dividend credit rate of 6%. This example is strictly for illustration purposes.
While reviewing Child Plan illustrations with parents we are often asked if they can apply for a similar plan for themselves.
The answer is Yes!
For more information please request an illustration or contact us directly.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
Membership to healthclubs as become a lot more accessible thanks to Tutum rewards.
The best choice for your family that leaves you feeling stress free.
Premium insurance for you and your family.
Premium insurance for you and your family.
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