If you are nearing retirement and think pension maximization might work for you, JRC Insurance can help evaluate, advise, and execute a life insurance strategy that enables you to take
your full pension payout.
Not exact matches
If you signed up for a six - year
payout, the company gets your
pension for a
full six years.
Harry will be far from the maximum Canada
Pension Plan
payout and
full Old Age Security benefit due to long years working abroad.
Not only are
payouts lush for only a few years of service, but unlike private
pension plans, the payments are backed by the
full power of the federal government, so they are completely safe.
Using a strategy called
pension maximization, you can supplement your
pension with life insurance to accept the
full payout while still providing financial protection for your spouse and family.
For example, if your
full pension pays $ 4,500 per month, taking the spousal benefit might drop your
payout to $ 3,700 per month.
A
pension plan is a plan in which you pay once and you start receiving
pension at a pre-decided frequency (choice of yearly, half yearly, quarterly, monthly
payout options) for life with a guarantee of return of
full purchase price in case of death of policy holder.
Using a strategy called
pension maximization, you might be able to supplement your
pension with life insurance and accept the
full payout while still providing financial protection for your spouse and family.