About MEF 

404 6th Street South
Lethbridge, Alberta
Canada T1J 2C9

Bus (403)380-3488
Fax (403) 380-3334

Main
My Situation
Insurance Information

Agent Network
Additional Resources
Contact Us


Executive Compensation / Pension Augmentation

  • Income Sheltering
  • Leveraging Concepts
  • Retirement Settlements

  • Income Sheltering

    Universal Life has become a vital tool in tax planning strategies. In addition to providing liquidity with tax-free death benefits, Universal Life also offers tax deferred accumulation with a wide array of investment options. Preferred tax treatment and flexibility allow for income sheltering and retirement augmentation.
    Leveraging Concepts
    Cash Values from a Universal or Whole Life plan can be assigned to a bank, which in turn provides a line of credit to use for retirement income.

    The advantages to these arrangements are that cash values within the plans continue to accrue without taxation. As well, individuals can access their line of credit with out having to pay personal income tax. In corporate arrangements the income is taxable to the retired shareholder. However in both cases, if structured properly the interest paid on the line of credit may be tax deductible. Professional Assistance should always be sought prior to implementing any of these arrangements.

    Retirement Settlements
    Income Sheltering - Universal Life has become a vital tool in tax planning strategies. In addition to providing liquidity with tax-free death benefits, Universal Life also offers tax-deferred accumulation with a wide array of investment options. Preferred tax treatment and flexibility allow for income sheltering and retirement augmentation.

    Leveraging Concepts - Cash Values from a Universal or Whole Life plan can be assigned to a bank, which in turn provides a line of credit to use for retirement income.

    The advantages to these arrangements are that cash values within the plans continue to accrue without taxation. As well, individuals can access their line of credit with out having to pay personal income tax. In corporate arrangements the income is taxable to the retired shareholder. However in both cases, if structured properly the interest paid on the line of credit may be tax deductible. Professional Assistance should always be sought prior to implementing any of these arrangements.


    LifeCanada.Com is intended as an information and resource site for Canadians.

    Professional Assistance from qualified advisors is strongly recommended prior to implementation of any plan or concept contained within the site.

    Professional Assistance         E-mail Us



    We do not share your name or information with any other source. All inquiries are held in the strictest confidence.