What Is An Insured Annuity?
An insured annuity is essentially a prescribed life annuity and a term life insurance policy, purchased together. An annuity provides a guaranteed regular income stream, while a term 100 life insurance policy provides a cash payout upon death. The combination of the benefits provided by these products is ideal for those seeking guaranteed income and the preservation of their capital. An insured annuity pays a higher guaranteed (after-tax) income for life, compared to most traditional alternatives.
An insured annuity provides:
The highest possible guaranteed income for life.
Income security through regular income payment.
Some distinct tax advantages.
Tax-deferred growth.
Preservation of capital.
How Does An Insured Annuity Work?
Using only a portion of the regular annuity payments, you purchase a level premium term insurance policy equal to the value of the life annuity. The death benefit of the life insurance policy is paid directly to your named beneficiary tax-free, allowing you to preserve your capital for your heirs.
If you are considering an insured annuity, ask yourself the following questions:
Do I want to maximize my income for retirement?
Am I concerned about guaranteeing the safety of my retirement income?
Am I concerned about the safety of my capital for the eventual transfer to my heirs?
How long am I willing to hold my investments?
Would I like to increase my after-tax guaranteed retirement income?
Who Are Insured Annuities For?
For individuals who are retired, or are approaching retirement, an insured annuity is certainly an investment worth considering. As well as, providing higher guaranteed income to complement other sources of income, an insured annuity allows you to preserve your capital for the eventual transfer to your heirs.
An insured annuity should be considered as an important component of a larger diversified plan.
Please contact us today for your no-obligation consultation. We look forward to helping you and your family.
To learn more simply fill out this form or call us at 416-364-2929 or 1-866-566-2001.
"As the founder of Back Clinics of Canada I often meet patients who travel here from all over the world seeking expert advice and quality care in our clinic. I am especially grateful that Mark Halpern, CFP, is available locally to help me and my family on matters of insurance and estate planning. His objective advice and leadership in the financial services industry makes him my trusted advisor, he can do the same for you."
Dr. Ron Nusbaum
Back Clinics of Canada
"When it comes to insurance, for you or your business, Mark Halpern is the first and last person to call. He's looked after insurance matters for me and my family members in a professional and caring way for many years and hopefully for many more years to come. He is a real professional. "
Mark Zimmerman
President
Promovision Marketing
"I called Mark after hearing him many times on the radio. Operating a growing family business in building restoration and expecting my first child soon got me thinking about how I must take care of myself. Even more so, my father passed away last year and I wanted to make sure that my family and business would survive if I got sick or died. Meeting with Mark was a definite eye opener in terms of my position in life now and in the future. He helped me evaluate all of the potential problems that could come up and provided me with the right solutions that I needed to take care of any unforeseen problems. He organized our group health benefits, mortgage financing and got us started with RESP's. He is now looking after all of our insurance protection programs. The experience was simple and smooth. Working with Mark was a truly educational experience."
Jason Gheda
President
SST Group of Construction Companies Limited
"I am always delighted when I can recommend Mark to clients and friends. His integrity and deeply held values for serving means he goes beyond meeting client expectations. Mark takes the time to discover what his clients really need to be protected and meet the future feeling resourceful and confident."
Wauneen McMonagle
Innergize Training Coaching Consulting