Estate Planning, Life Insurance, Annuities

Annuites
Variable annuities* are often used both as savings and retirement vehicles. The reasons for their popularity include the fact that their earnings grow on a tax-deferred basis, they offer a guaranteed death benefit, they benefit from professional management, and they have the added potential for income during retirement years. The variable annuities offered through Royal Alliance are designed to meet a variety of financial objectives. They include variable annuities that invest in a choice of securities portfolios, including money market instruments, stocks, high-grade bonds, government securities, convertible securities, high-yield bonds, and foreign securities.

Life Insurance
Life insurance can be a resource of funds for your loved ones to meet their needs in the event of your death. You enter into a contract with an insurance company, which promises to provide your beneficiary(ies) with a certain amount of money (the death benefit) upon your death. In return, you make periodic payments to the insurance company, known as premiums. The amount of each premium payment generally depends on factors such as your age, gender, occupation, medical history and whether you intend to build up cash value in your policy. Some policies may require a medical exam and other underwriting requirements.

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*Annuities are a long-term investment option since they are subject to a 10% IRS penalty for withdrawals prior to 591/2 and a contingent deferred sales charge for the first 7 to 8 years of the contract. They also involve mortality and insurance expenses. Variable annuities principal and interest of variable account portfolios fluctuates with market conditions. Variable Life offers account values which can increase or decrease depending on the performance of the underlying investment portfolio selected by the investor. Accessing cash value of your variable life policy may result in surrender fees and charges and it may reduce death benefit.