Life Insurance

While there are no restrictions on the use of an insurance policy’s cash value, an increasing number of people use these funds as an additional source of retirement income. They will purchase a policy during their high-income earning years and, due to the tax exempt status of the policy, can make significant premium deposits on a tax-deferred basis. Of course, while building the cash value of their policy, they also enjoy the ongoing life insurance protection that the policy provides.
When their income decreases at or near retirement, these individuals can access the cash value of the policy either by withdrawal, policy loan, or a loan from a financial institution with the policy as collateral. This can be a terrific supplement to their retirement income.
There are many different options available for both term and permanent life insurance. It is advisable to complete a thorough evaluation to determine what type of insurance is best suited to meet your individual needs.
Contact Us
Karen Mason is a Certified Financial Planner, a Chartered Life Underwriter and a Certified Health Insurance Specialist. She has been involved in Financial Services since 1983. Her background includes management roles such as trainer of financial advisors and development manager. She has worked extensively in the fields of tax and estate planning, retirement planning, business succession planning, farm transfer planning, charitable giving, life, disability, critical illness and long term care insurance.
Mason Financial
5715 Sooke Road
Sooke, BC, V9Z 0C4
Phone: 250-642-0776
Toll Free: 1-866-888-0557
Email: [email protected]
Web: MasonFinancial.net
Serving the communities of:
Sooke, Langford, Colwood, Metchosin, Victoria, Oak Bay, Royal Oak, Sidney, Brentwood Bay, Vancouver Island, British Columbia
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