Close to $1 trillion in financial and real estate assets will change hands in the coming years1. iA PAR is a solution designed to support the transfer of intergenerational wealth:
A parent or grandparent takes out an iA PAR policy, with their child or grandchild as the insured.
The policy is paid up after 10 or 20 years, and the surplus premiums build a cash value that grows tax-free.
The policyholder transfers ownership of the policy to the child when they reach the age of majority, with no payments or tax consequences.
The child or grandchild can access the accumulated cash value to cover expenses, or can choose to benefit from its future growth.
Why choose iA PAR for this strategy?
With the flexible Additional Deposit Option (ADO), the adult child can keep adding funds to increase the policy’s cash value and insurance coverage over time.
Flexible dividend payment options
High cash surrender value with long-term growth potential
A lifelong gift your clients can use to give their children or grandchildren a strong financial foundation.
iA Financial Group, 1080, Grande Allee West, PO Box 1907, Station Terminus, Quebec, Quebec G1K 7M3 (Canada).
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