With our insurance-based solutions, you can enhance your retirement income, protect your family's financial security from adverse events, safeguard your business, and maximize the value of your estate for your beneficiaries.
Executive life insurance enables you to provide your managers and executives with a supplementary benefit package. In this instance, both you and your executive purchase a life insurance policy with your executive named as the insured. Both of you will split the benefits. This form of insurance provides protection for an executive's family, while you benefit from an investment offering tax-deferred growth.
To learn more about executive life insurance, please speak with one of our life-licensed Investment Advisors .
An insured annuity allows you to transfer a portion of your wealth and serves as an important asset protection and income enhancement solution.
An annuity is a contract that binds an issuer to provide you with a steady stream of income payments in return for a lump sum deposit. With an insured annuity, a portion of each of your annuity payments covers the premiums on an insurance policy, which ensures that an amount equal to your original capital is provided to your beneficiaries when your estate is settled. As with any annuity, an insured annuity is irrevocable once purchased.
Insured annuities provide the following benefits for your estate:
An insured annuity also allows you to:
The sudden loss of a key person can create a difficult and costly void to fill. If your company relies heavily on the skills and contributions of a single person, you may wish to consider taking out life insurance on this person (or persons) to help mitigate the costs.
One of our life-licensed Investment Advisors can provide you with more information on this unique insurance protection.
Living benefits products not only protect your wealth, they give you the financial freedom to maintain your lifestyle or obtain the care you need in the event of an injury or illness.
Personal disability insurance helps protect one of your greatest assets –your ability to earn an income. If sickness or injury keeps you at home for a sustained period of time and you are unable to work, this insurance can replace up to 66% of your income. Disability insurance is an ideal way to help ensure that you and your family can continue to maintain the lifestyle you desire without eroding your portfolio or other assets.
Critical Illness Insurance
Upon diagnosis of a serious illness such as cancer, stroke or a heart attack, critical illness insurance provides a lump sum benefit that may be used in any way you wish. For example, you might use the funds to seek advanced private care to aid in your recovery. If you own a business, you could also use the benefit to keep your business running smoothly until your return.
Long-Term Care Insurance
Considering the high cost of private care, this type of living benefit is an excellent way to protect your retirement savings and other assets. Long-term care insurance provides the necessary funds to pay for additional health care should you need assistance caring for yourself for an extended period. Funds are paid as a daily benefit to cover the cost of either home visits from a qualified individual or a room at either a public or private care facility.
Like mutual funds, segregated funds are professionally managed and invested in a portfolio of securities. However, segregated funds are also insurance contracts that offer additional benefits such as a guarantee of your principle investment on death or at maturity, and guaranteed lifetime income.
Segregated funds can help you insure your retirement and maximize your estate in the following ways:
Lifetime Income Guarantees
Many segregated fund contracts offer income guarantees that will ensure you have a predictable and sustainable retirement income stream that you will not outlive. They guarantee that you will receive 100% of your principal paid back to you over time and that payments will continue as long as you live.
Death Benefit Guarantees
Upon the death of the annuitant, a guarantee between 75 and 100 percent of your initial deposit, or the greater of your investment value, will flow directly to your named beneficiaries.
Estate Settlement Benefits
Proceeds of a segregated fund policy held in a non-registered account can pass directly to your named beneficiaries, without passing through your estate. Therefore, these funds are not subject to probate, lawyer’s or executor’s fees. However, your estate is taxed on any applicable gains.
Regardless of market performance, segregated funds guarantee 75 to 100 percent of your principle investment (less withdrawals) at the maturity date (a minimum of 10 years from the date of your deposit). At maturity, the greater of the current market value or the guarantee will be paid to you.
Potential Creditor Protection
When there is no reasonable expectation of bankruptcy at the time of your investment, and a “family class” beneficiary is named, a segregated fund can also potentially safeguard your assets from potential creditors in the future.
We can help you significantly enhance the value of your estate by passing along more assets than you could otherwise achieve through a purely investment-driven strategy. One of the main ways we can help you do this is through tax-exempt life insurance.
Like a pension or non-registered account, tax-exempt life insurance serves as another asset within your overall portfolio—with some unique advantages.
Under the federal Income Tax Act:
What's more, tax-exempt life insurance also provides:
To learn about the different types of coverage and how you can use tax-exempt life insurance in your overall estate plan, please contact a Life-Licensed Investment Advisor .
Our Tax Protector solution is designed to help you transfer more of your wealth to your heirs by protecting the full value of your estate's assets from taxes. It allows you to leave a lasting legacy for your family and can significantly lessen the burden on your loved ones.
The Tax Protector helps prevent the erosion or liquidation of your estate by providing a life insurance benefit that can be used to:
To find out how you can benefit from the Tax Protector, please contact a Life-Licensed Investment Advisor .
"You don’t pay taxes on the investment growth of assets held within the policy."