Insured retirement concepts are geared to people who want to supplement retirement income in the future, but also want to protect their estate. These goals can be achieved by applying for a Universal Life insurance contract that is funded for 10 to 15 years. The investment component of your policy grows on a tax-deferred basis and is non-reportable to Canada Customs and Revenue Agency (CCRA). At retirement or when you need income, the policy can be assigned to a financial institution for a series of tax-free loans - thus supplementing your retirement income. At the time of death, the financial institution is repaid and the balance of the death benefit is paid out to your beneficiaries tax-free.

All insurance products are sold through ScotiaMcLeod Financial Services Inc., the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank Group. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Quebec) representing ScotiaMcLeod Financial Services Inc.

The information contained on this website is for use by persons resident in Canada only.