Empire Life Dividend Growth Mutual Fund and certain series of all Empire Life mutual funds were closed to new purchases as of October 3, 2022. These funds were subsequently terminated on December 5, 2022. See the press release for further details.

Retirement Income Planning




Workshop Materials

Workshop presentations and support material. Learn more

Welcome to the Retirement Income Planning centre. The centre has everything you need to help you transition from "asset accumulation" to "income delivery". You can access presentations and support material to confidently assist your clients in realizing their retirement income goals.

Mind Shift, Process Shift

Retirement Income Planning

Caution! May Contain Nuts

Accumulation and Retirement Principles that may not work in Decumulation.

The 8 Steps

Case Study

  • The Discovery, Using the Profile
    This interactive workshop uses a case study to help you identify and organize relevant information and issues of a retiring couple and their family. You will gain more comfort using the Comprehensive Retirement Income Planning Profile. You have an opportunity to exchange ideas with some peers and account executives. You need to be prepared to discuss your approach, including organization of information and advisor notes.

    Download and review the case study from the Retirement Income Planning section of the Empire Life Investments Inc. website, entitled; The Discovery, Using the Profile. Please make sure to have it available for reference as we go through the session.

    Also download a Comprehensive Retirement Income Planning Profile which you may prefill and we will use as a guide during the workshop.

  • Opposing Forces at Play - webinar. This presentation uses a case study to illustrate some common mistakes together with opportunities for you as advisors who are keen on working or even specializing in retirement income planning.
    1. Download and review the case study from the Retirement Income Planning section of the Empire Life Investments Inc. website, entitled; Opposing Forces at Play. Please make sure to have it available for reference as we go through the session.
    2. Open the link to the webinar entitled Opposing Forces at Play.
    3. There is a multiple choice quiz associated with this webinar that you need to complete if you are interested in getting continuing education credits.

Comprehensive Retirement Income Planning Profile

Use this profile to develop a personalized program to meet your clients retirement needs. Download the entire profile or the individual components as needed.

Profile components

Resources

Articles, case studies, tools and calculators. Learn more

Articles and Case Studies

STEPUP Newsletter
Expanded technical explanations of key topics

What's New

Case In Point
Sales Tax Estate Planning Underwriting & Product Newsletter

What's New

Articles

Gift Planning Material

Tools and Calculators

What's New

 

Government of Canada Tools and Calculators

Strategies

Financial & Estate Planning Strategies  Learn more

  • Insured Annuity (.pdf)

    An insured annuity is a strategy that provides an attractive alternative to today's low, fixed-income investments. It provides a tax-efficient, lifetime income and preserves or increases the original capital for the estate. A specially designed, prescribed annuity provides the income and a life insurance policy preserves the capital, providing a tax-free payout when the individual dies.

    Two approaches to the strategy are available. In a traditional insured annuity, capital is used to buy an annuity; part of the annuity income is used to pay for life insurance. Alternatively, the insurance can be pre-paid with some of the available capital (Universal Life insured annuity), leaving the balance to fund a lifetime income.

    To use the Insured Annuity strategy, you must obtain an annuity quote from the Empire Life Advisor Site or a similar annuity quoting service. The Strategy application provides instructions on how to obtain the annuity quote and enter the key information from the annuity quote into the application.

  • Legacy Builder (.pdf)

    The personal legacy builder is a strategy designed to optimize the value of that portion of the estate which people don't intend to spend. It is set up to provide a guaranteed, basic tax-free investment earmarked for future generations or favourite causes. The personal legacy builder uses excess capital or income to purchase a permanent life insurance policy.

  • Insured Retirement (.pdf)

    This strategy can provide a supplemental source of tax-free cash during retirement. The cash can be structured as a lump-sum or series of income-style payments. A custom-designed, permanent life insurance policy is used, first to accumulate cash on a tax-deferred basis and second, as collateral for a bank line of credit to provide the cash desired.

  • RRSP Freeze/Meltdown (.pdf)

    This strategy reallocates registered retirement savings into a non-registered portfolio. A bank loan is used to set up a non-registered portfolio. Withdrawals of registered assets are used to pay the interest on the loan. The non-registered portfolio takes advantage of tax-preferred treatment on dividends and capital gains and offers clients greater flexibility in terms of wealth transfer and tax deferral.

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