SPECIAL SPONSORED CONTENT
Insured Retirement Program (IRP) This program is now available to whole life insurance clients at all major providers!
President & CEO, CAP Advisors Inc.
“When clients commit large amounts of capital to a life insurance policy, they always ask if the money can be accessed during retirement, if needed. Most of our clients have not drawn down on their IRP lines, but they are happy knowing that the liquidity is accessible. Several clients have used the IRP to fund investments, while others have used the IRP to bridge cash flow problems. One very high-net-worth client had an unexpected liquidity problem and used the IRP to fund living expenses for several months.
Most of the big five banks are trying to match Manulife Bank’s IRP, which is definitely the industry standard for leveraging life insurance… these competitors simply do not understand life insurance as well as Manulife Bank and have not been in the game long enough to see the issues that can arise. Experience is critical in this market.”
PATRICK TARGOSZ ,
President, Mo Targosz Financial
“I have been setting up IRP lines for my clients since 2013 for many different purposes. Some clients just use it for retirement income, in which case the IRP provides tax benefits in comparison with RIF income. Others have used the IRP to invest in other opportunities and paid the interest (instead of capitalizing), so deductibility of interest was an added bonus. And I used an IRP to help fund
premium payments on another policy.”
For more information on this ﬂexible retirement product please contact your
Manulife Bank Business Development Consultant or call us to put you in touch with one 1-855-518-7546!