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Scott Mallender Insurance

Estate Consultant and Licensed Broker

(519) 979 4242

407-1855 Normandy St., LaSalle

scott@scottmallenderinsurance.ca

Universal Life Insurance

A Powerful, Flexible Tool for Estate Preservation, Gifting, Insurance Coverage, Leveraging, Buy-sell Agreements, and Pension Maximization

Designed to meet both your life insurance and investing needs, universal life insurance combines long-term insurance protection and tax-advantaged investing in one single, customizable policy. Whether your goal is to protect the legacy you’re building for your loved ones, or to build additional wealth over time, universal life insurance can help you:

  • Help build and preserve your Estate
  • Estate preservation to pay debts, tax liabilities, probate fees, executor fees, legal and accounting fees or other Estate costs
  • Efficient way to create an Estate and to transfer wealth to later generations
  • Investing monies into an exempt policy shelters all growth from any taxation
  • Immediate injection of tax-free cash when needed the most

From how you want to invest, to how you pay for your insurance, to how much or little you want to invest, Scott Mallender Insurance of the Windsor Ontario region offers a variety of simple Universal Life coverage options that can be customized to meet your financial planning needs.

How Universal Life Works

universal-life-insuranceIt’s important to remember that you don’t have to pay tax on any growth in the investment accounts because it is part of a life insurance policy, provided your policy value does not exceed an amount prescribed under the Income Tax Act.

Flexible To Meet Your Needs

Universal Life insurance is the most flexible life insurance solution available.  While combining life insurance protection with a flexible portfolio of investment options, Universal Life insurance also gives you the flexibility to change the level, frequency and duration of deposits as your needs change.

Extra Benefits Included in Your Customized Policy

At Scott Mallender Insurance in Windsor, we recommend a yearly review of your insurance policy to make sure it continues to meet your changing needs. And, if your needs change, it’s good to know that you have several options to change your current amount of insurance or type of coverage.
These extra benefits are included in your Universal Life policy:

  • Waiver of Monthly COI: own occupation disability after 30 days
  • No Investment Charges: No further MERs on all 50+ investment options
  • Compassion Assistance: if you become terminally ill, up to 50% of the death benefit may be awarded earlier
  • Wealth Enhancer: maximizes investments automatically- MTAR option
  • Multiple Lives: up to 20 people can be insured under one contract
  • Healthy Rewards: good health may result in a lower cost of insurance

Bottom Line – The benefit of choosing Universal Life insurance is that it not only offers you guaranteed, quality, tax free insurance protection, it also offers you the opportunity for tax free growth investing. Buy term and invest the difference, comes to reality with Universal Life.

Scott Mallender is a Gold Elite Insurance Broker who works with fifteen of the top Canadian Life Insurance companies. His associates include a network of tax, retirement and estate planning lawyers, accountants, underwriters, and actuaries.

New Developments

Life Insurance

Life insurance isn’t taboo. It’s a creative tool

Life insurance is an extremely valuable tool in tax and estate planning. Here are some reasons why.

Insured Retirement Program

Insured Retirement Program

Sometimes, you really can have your cake and eat it too!

Corporate Estate Bond

Corporate Estate Bond

The Corporate Estate Bond – increase the size of your estate with tax-deferred life insurance policy protection.

Life Insurance is a Do-It-All Tool for the Wealthy

It’s hard to think of an advantage that average folks might have over the ultra-wealthy. But buying life insurance may be one.

Scott Mallender Insurance

Scott Mallender can provide you with affordable solutions for all your financial security and life insurance needs.

Put your trust in an experienced insurance broker and estate planning professional. Serving families in the Windsor and Essex County area Since 1983.

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Serving Windsor, Essex County, and Southern Ontario.

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Scott Mallender Insurance
407-1855 Normandy St.
LaSalle, ON N9H 2R4
(519) 979 4242
scott@scottmallenderinsurance.ca

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