Form Upload

Protection

OVERVIEW

This tax sheltered insurance account is owned by your holding company. The tax sheltered account holds fixed income assets and insurance tax law permits growth inside the account to accumulate tax sheltered. In the unlikely event you require these assets for retirement income, like an RSP, you will pay tax on the proceeds as they are withdrawn. Alternatively, this account is assignable and as such could be used as collateral for a loan (reverse mortgage) in which case, income received would not be taxable. The accumulation account along with the face amount of coverage is paid to the estate free of tax.

Policy Summary

Funding Summary

YearDepositTransaction Projected Cash ValueActual Cash ValueProjected Estate BenefitActual Estate BenefitAnnual Policy Statements
2016$100,000E-Transfer$17,538$14,086$4,971,915$4,952,516Illustration
2017$100,000Cheque$35,317$16,817$5,070,411$4,967,5712017
2018$100,000E-Transfer$53,441$5,164,817
2019$100,000E-Transfer$72,599$52,864$5,256,583$5,161,5972019
2020$100,000$93,590$5,351,187
2021$100,000$117,397$5,453,252
2022$100,000$192,464$5,560,960
2023$100,000$256,957$5,676,639
2024$100,000$330,000$5,800,542
2025$100,000$417,993$5,570,480
Member Login
Welcome, (First Name)!

Forgot? Show
Log In
Enter Member Area
My Profile Log Out