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Lifetime insurance protection. Tax-deferred investment growth. Retirement and estate planning benefits. All in one affordable package!
All of us want to build a secure financial future. And many Canadians take steps to protect that future through insurance, savings and investments.
TD Universal Life* combines the benefits of lifetime insurance protection and tax-deferred investment growth in one simple and convenient plan. It gives you the life insurance protection you need now and in the future. At the same time, you have the potential to build substantial assets over time.
A powerful and flexible solution
TD Universal Life also gives you complete flexibility – to change the policy as your needs change – even to access the cash values built up in the plan for retirement or special financial needs. Tax-deferred and estate planning advantages make TD Universal Life a simple, powerful way to help you and your family make the most of your assets; to build a sound and secure financial future.
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4 financial strategies you should know about…
- Affordable lifetime insurance protection.
- Tax relief for your investment income even after you've maxed out your RRSP.
- Ensure a full inheritance for those who matter most.
- Protect your business — and your livelihood.
A range of investment options
TD Universal Life offers a wide range of investment options to match your investment goals and your level of risk-tolerance. Choose investments that offer you guaranteed rates of return or others linked to the performance of market indices. These market-indexed investments are not mutual funds, which would be subject to taxation on realized income, but are deposits enjoying tax-deferred growth in a tax-exempt insurance policy. However, like mutual funds, market-indexed investments enjoy the effect of enhanced diversification and potentially greater returns.
Here's how it works.
When you make a premium payment into a TD Universal Life policy, that payment, less premium tax, is applied to the investment account of your plan. The cost of insurance and an administration charge are deducted monthly from your account while the balance grows. While premiums are not tax-deductible, investment growth held in the policy is not taxed and the death benefit (including investment growth) is paid tax-free to your beneficiary.
Click here for Advantages of TD Universal Life
More choice. More flexibility. More reasons to choose TD Universal Life.
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