A Retirement Savings Solution Using Life Insurance

-- a neglected but effective solution --

We have a Solution Personal Retirement Account

Here's what it offers:

• An opportunity to accumulate tax-deferred funds for retirement (within limits).
• A choice of investments, including guaranteed accounts, equity indexed accounts (Canadian, U.S., and foreign) and a bond indexed account.
• The freedom to switch investment accounts without tax implications.
• Ongoing life insurance protection which pays tax-free benefits to your named beneficiaries upon your death.

At Retirement

Two ways to generate retirement income:

Option "A" - Withdrawals

• Make policy withdrawals. You control the amount and timing
• Withdrawals will be taxable either in part or in whole

Option "B" - Loans

• Take loans from a financial institution using your policy as collateral
• Loans are not currently taxable. The lending institution will determine the rules and conditions regarding the loans.

At Death

• Policy proceeds are payable to the named beneficiaries tax-free
• If loans are outstanding, the financial institution will have first claim on the proceeds. Remaining proceeds will be payable tax-free to the named beneficiaries.

Note: The above information is for reference only. If you want detail information, please call me at (780) 473-4928.