Insured Retirement

Is a strategy that is not meant for everyone, but if you:

and are paying tax on investment income and have disposable income to invest... you may be in a very good position to consider the tax benefits of Universal Life. Although the premiums are not tax deductible during the accumulation period, the cash value fund of the program grows in a tax-sheltered environment.

Furthermore, current tax legislation allows you to leverage the policy at retirement, making tax-free withdrawals from your program which is very advantageous vs. the alternative of paying tax each year on your non-registered portfolio. With this strategy, the tax-sheltered growth of funds within a life insurance policy can be harnessed to generate tax-free income in retirement.

Unfortunately, there is too much to say in this small space to give you a full appreciation of this particular strategy. Please call me if you would like more details on this type of supplementary pension plan. It can effectively lower the tax paid on your non-registered investment.