Insured Retirement Programs
Strategic ways to boost your savings for your retirement and turn your savings into income: RRSPs, TFSAs, GICs, pension plans, RRIFs and more
An Insured Retirement Policy is a strategy to generate income from a Universal Life (UL) policy.
Typically, this strategy is used by people who have maximized their RRSP contributions and are looking for another way to build a tax-deferred cash pool. The investment portion of a UL policy is allowed to grow cash-deferred, thus making this opportunity possible. An IRP utilizes a tax exempt UL policy to accumulate tax sheltered investment growth.
For as long as the investments remain in the tax-exempt portion of the insurance contract the investment growth can accumulate indefinitely on a tax deferred basis, provided they meet the guidelines with respect to contribution limits
Majers Life has partnered with 15+ carriers to offer a broad range of insurance options, as well as a quick and helpful shopping experience. Our goal is to provide you with outstanding service now and for years to come. Get in touch to set up an appointment or use the contact form to ask a question – we are here to help!
