Insured Annuity

For retired Canadians who would like to increase their after-tax income and preserve their capital, there is a simple and guaranteed strategy that will do both.

The Insured Annuity is a combination of a life insurance policy and a prescribed life annuity designed to preserve capital and provide a higher after tax income vs. other fixed income strategies.

The Insured Annuity is purchased with non-registered funds. The amount of life insurance is typically equal to the amount used to purchase the life annuity. The annuity provides guaranteed cash flow for the remainder of your life. A portion of the annuity income is used to pay the insurance premium. When you die, the insurance company pays the death benefit to your heirs or to your selected charity.

Additional benefits include: potential reduction of OAS claw back, asset transfer at death bypasses estate saving time and money.

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