News
Ken Chee Hing
SCOTIABANK has enhanced its insurance providers, which at the moment are tailored to fulfill the varied wants of its shopper base.
A launch from the financial institution on Tuesday spoke of its lately launched Scotia Elevate plan, which was described as a flexible insurance answer that comes with as much as $500,000 in life insurance protection – with no medical assessments required. Just a number of brief questions have to be answered from a Scotia Insurance adviser to get the method began.
This additionally permits for customised investments throughout three totally different funding funds, based mostly on the shopper’s threat urge for food and funding aims.
Jarod Perryman, managing director, ScotiaLife TT (Scotia Insurance), mentioned, “Scotia Elevate is designed for people who find themselves in search of insurance for the primary time and people on the lookout for enhanced advantages to enhance their present insurance policies.
“Customers can continue to protect their loved ones while investing towards important financial goals, such as purchasing a home or funding their child’s education.”
Scotia additionally gives two annuity options to assist prospects plan for his or her retirement with versatile retirement ages between 50 and 70 and the power so as to add lump sums to the coverage at any time.
Policyholders also can select an funding fund that matches their threat urge for food, whereas guaranteeing their retirement objectives are met.
The launch additionally pointed to Scotia Insurance’s Scotia Platinum possibility, which it mentioned is a Board of Inland Revenue-approved deferred annuity, so policyholders save on their private taxes.
It goals to assist folks put together for a snug retirement by offering the chance to make tax-advantaged contributions with customised funding choices.
For those that don’t pay taxes, Scotia Legacy is the answer to assist them plan for retirement. It is a deferred annuity that has a assured life insurance profit as a further characteristic of the plan.
“We encourage everybody to make a plan for his or her future with correct monetary planning that features structured financial savings, prudent investments and ample life insurance and retirement options.
Scotia Insurance advisers may be reached by way of e-mail: [email protected]; cellphone 62SCOTIA (627-2684) or; go surfing to tt.scotiabank.com/sltt.
