TAX SHELTERED LIFE INSURANCE:

“Life Insurance is still an excellent investment tool…one of the few investments that allows for a tax sheltered accumulation of funds and at the same time covers the risk of death. The pre-tax compounding effect and the tax-free access to this accumulating fund are two of the attractions of life insurance. The tax free maturity on death is the ultimate plus”.

CA magazine, Published by the Canadian Institute of Chartered Accountants

Universal Life can be a way to accumulate wealth on a tax-sheltered basis. If you like involvement and control over your finances, if you want life insurance that you can tailor to your changing needs over time, Universal Life may be best for you. One very attractive feature is the accumulation of investment returns that can be paid out to your beneficiary on a tax-sheltered basis at a later date.

Universal life insurance combines long-term insurance protection and significant tax-related and other financial benefits in a single tax-advantaged plan.

Tax Benefits

• tax-deferred interest growth on your deposits
• mutual-fund style investment options
• cash value leveraging insurance vehicle for retirement income program
• ability to pay for your insurance through the tax-deferred cash value growth
• a 100% tax-free death benefit including your tax-deferred savings!

“UNIVERSAL: FOR EVERYTHING OR EVERYBODY”      Webster’s Dictionary

MORTGAGE INSURANCE:

MORTGAGE INSURANCE offered by your bank may be convenient, but if you are in good health, an individual insurance plan can provide superior coverage and value over the term of your mortgage. We recommend guaranteed rates with a death benefit that does NOT reduce with your mortgage.

ENJOY THE BENEFITS OF AN INDIVIDUAL PLAN WITH:

• Much LOWER COST than Bank Mortgage Insurance
• Fully guaranteed level premiums For 20 years
• Level coverage that does NOT decrease
• Fully portable plan (does NOT teminate when you refinance or sell your home)
• TAX-FREE benefits paid directly to your named beneficiary(ies)

Benefit	Lending Institution	Insurance Company
Guaranteed Coverage	No	Yes
Level Coverage Available	No	Yes
Decreasing Coverage Available	Yes	Yes
Non Smoker Rate Available	No	Yes
Smoker Rate Available	Blended rate only	Yes
Choice of Beneficiary	Lending Institution is sole beneficiary	Yes
Portable to New Mortgage	No	Yes
Policy Contract Issued	No	Yes

PROTECT WHAT MATTERS MOST!

Contact this office for more information on these and other insurance products.