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Wealth Accumulator
How can you plan such things as retirement, travelling and income tax deferrals, while protecting your assets and making them grow. With PACE, you get the best solution for both tax-sheltered coverage and the tax-free accumulation of wealth.
Obviously, since characteristics, concerns and needs vary from person to person, PACE coverage can be adapted accordingly.
Market Identifier
- Age ranges from 30 - 55
- Includes singles, empty nesters or childless couples
- Usually professionals, such as doctors, dentists, lawyers and accountants
- Maximize, or are close to maximizing their RRSP
- Tax deferrals a priority
Characteristics
- Good disposable income
- No or low non-deductible debt
- Aversion to taxes
- Good lifestyle
- Want to retire early with good income, to maintain lifestyle
- Affordability not a major issue
Needs
- Accumulation of tax deferred wealth to spend later
- Life insurance need is secondary
- Special situation:
Risk Management Tool (PACE Coverage)
- Best accumulation of cash for future use
- Wide range of investment options available
- Self-completing in the event of disability
- Health care can be an opportunity to withdraw funds tax-free
Suggested PACE Coverage
Flex 1
- High cash accumulation
- Lifetime coverage, with leveraging if desired
- Disability and health care options
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