Capital Benefits

This is a very unique feature that is available as an integral part of a proprietary universal life plan called Security Fund. It is underwritten by RBC Insurance and is only available through selected PPI associates with whom we have been associated since 1983.

One of the unique features of a universal life plan is the ability to accumulate significant amounts of cash in a tax-sheltered environment. Accessing that cash on a tax-free basis can be a challenge with most plans. However, the Security Fund plan does just that. In the event of a qualifying disability, critical condition, or long term care need, the policy owner can apply all or a portion of the cash in the policy accumulation fund(s) to the payment of tax-free capital benefits to themselves. They may be withdrawn as a lump sum, or as periodic payments throughout the duration of disability. Claiming optional capital benefits over and above any income replacement, critical illness or long term care benefits allows the policy owner to decide how best to use his or her benefit package as the need arises.

In certain circumstances, this benefit may also apply to another family member such as your spouse.

For additional information, or to find out how you might benefit from this very unique feature, please contact us.