...The Next Chapter in Universal Life Insurance

Transcription

1 ...The Next Chapter in Universal Life Insurance

2 In the world of Financial Products You have 2 major types of insurance products at your disposal Term insurance Covers a need for insurance but only for a limited period Permanent Cover the need for the entire lifetime. People have a need for permanent insurance

3 Many products are available Permanent Insurance...covers you for life Term for Life Provide you strictly with insurance protection. There are no values Whole Life In addition to the life protection you have values. Unfortunately the rate of return is rather low. Universal Life Combines the best options: protection and flexible investments which you control!

4 Many tax strategies have been developed to take advantage of these unique tax advantages. Universal Life the last tax shelter The government has left us with a means to let our money grow tax sheltered Section 148 of the Income Tax Act permits (within limits), investments in life insurance policies to accumulate on a tax-sheltered basis At death accumulated investments are paid out tax free.

5 Major accounting firms are recommending UL for tax shelter: "The life insurance industry has developed attractive products that allow you to build up cash in a tax sheltered environment." "An exempt life insurance contract can help you meet two planning objectives at once: having insurance coverage, and providing retirement income from tax-sheltered growth." KPMG "Canadian Tax Planning Guide" Universal Life

6 Universal Life Premium How does it work? Monthly Charge Investments

7 Universal Life A Product in Demand Many complicated choices in the market place You need answers specific to your needs You need to understand the product and maintain control of your money Enter TRILOGY

8 TRILOGY Three words: Powerful Straightforward No surprises

9 Your Time is Valuable Today s presentation will show you that TRILOGY : Offers total protection Is consumer friendly and easy to understand Adapts to your changing circumstances

10 This means that you will be able to: Be protected for critical illness including loss of independence as well as life, let you manage your money freely without fees. easily see how the plan can fit your circumstances

11 TRILOGY Now it is time to explore some details..

12 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

13 The basics Minimum coverage $10,000, available between the ages of 0 to 85 years Cost of insurance can be Annual Renewable Term, 10 year renewable term or, you can choose level premiums that will never increase

14 Policy Fees and Expense Charges No Surrender charges! Competitive administration fee ($10/month) Premium tax charge on deposits (varies by provinces)

15 What this means to you: You can minimize your current insurance costs with inexpensive term or, Choose the security of permanent coverage at competitive rates No hidden fees to surprise you

16 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

17 Death Benefit Options Level Sum Insured Increasing Sum Insured

18 What this means to you: You can use your growing funds to reduce the insurance you need or, You can have your growing funds in addition to the insurance.

19 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

20 Investment Options Daily Interest Option Guaranteed Interest Options 1 year 2 years 3 years 4 years 5 years 10 years

21 Investment Options Equity Index Options Canadian Equity (TSE 60) Canadian Bond (Scotia Capital) American Equity (S&P 500) American Growth & Technology (NASDAQ) European (Euro 50) Eurasian (World Equivalent) Japanese (Nikkei 225)

22 What this means to you: Wide investment options, with cash accounts, guaranteed term deposits and, a choice of well known investments with proven history.

23 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

24 Wealth Plus An Investment Bonus to reward long term ownership: Starting after the 5th policy anniversary: 10 basis points per month Applied to the fund values monthly

25 Trilogy s bonus structure means a real benefit to you because: it provides true additional value, it is guaranteed and, it is very transparent no complicated formulas.

26 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

27 Withdrawals, Transfers and loans No withdrawal or surrender charges No transfer fees Unlimited transfers Borrow up to 100% of accumulated funds Virtually interest-free loan Minimum loan or withdrawal: $100 MVA charged on GIO transfer outs prior to their maturity.

28 What this means to you: true flexibility to manage the accumulated funds, no nagging charges to annoy you or tie you down and, all of your dollars truly available at any time: a big reason to choose this product!!!

29 Let s look at: The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

30 Critical Illness Insurance Life Plus offers two choices: CI Advance: matched with a life insurance coverage. The benefit is paid either for one of the covered critical illnesses or in the event of death. CI Addition: provides for additional coverage on the occurrence of a covered Critical Illness. The main life coverage continues.

31 Critical Illness Insurance Life Plus covers an industry leading 21 CI conditions including Loss of independence

32 What this means to you: In the event of a critical illness, if you have selected Life Plus, a benefit will be paid. CI Advance will reduce your life insurance protection CI Addition does not impact your life protection Either way, you get complete protection, not just life insurance!

33 TRILOGY... We have looked at: Universal Life, the tax shelter The basics Death Benefit Options Investment Options Investment Bonuses Withdrawals, Transfers and Loans Critical Illness Insurance

34 What this all boils down to: Empire s Trilogy is an efficient tax sheltered strategy Empire s Trilogy is powerful, flexible and easily adapts to your own individual circumstances.

35 Plus: access to the accumulated money is free and hassle-free. Bonuses are real & certain. You can combine life & Critical Illness coverage to assure complete peace of mind. Many powerful reasons to choose this product!!!

36 Plus: access to the accumulated money is free and hassle-free. Remember Bonuses are real & certain..trilogy. You can combine life & Critical Illness coverage to assure complete peace of mind. Many powerful reasons to choose this product!!!