The most magical gift of all
Reflections from Simone Reitzes, Managing Director, Medicus Pension Plan
Maybe it’s the snow. Maybe it’s the bright, shiny window displays lighting up my neighbourhood. (It could even be the excitement I feel as I eagerly await the “open” sign on our nearby ski hill and skating rink.) No matter the holiday you honour or celebrate, there’s no denying December is a magical time of the year. It reminds us to step back from our busy lives and connect with family.
In our house, the children embrace December by creating their holiday gift list. And it’s heartwarming to see the joy in their eyes when those gifts are unwrapped later in the month. Likewise, one of the greatest gifts you can share with your loved ones is peace of mind about the future. It may not be a shiny toy or the latest gadget, but thinking and planning ahead is important to your family’s wellbeing.
At Medicus, we make planning for the future a bit easier by providing some financial security for the people you care about most.
Consider this…
Medicus provides a secure monthly pension for your lifetime, but did you know it continues to your loved ones after you’re gone?
Not all families are built the same, and we recognize this by providing different ways you can pass your pension on to surviving family members.
Supporting a spouse
You can choose how much of your pension will continue to your spouse when you die. Knowing that you both have a monthly pension you can count on for the rest of your life can give you peace of mind.
Looking after children and other loved ones
You’re guaranteed to receive at least 10 years of monthly pension payments. If you die before receiving them, the remaining amount will be paid to your chosen loved one(s), ensuring they benefit from the financial protection you built.
A safety net for the unexpected
If you die before starting your Medicus pension, it will pass along to your loved one(s) and even bypass the probate process. Your beneficiaries will benefit from your gift almost immediately, ensuring your legacy of care and support endures, no matter what the future holds.
Throughout your life, you’ve likely showered your loved ones with countless gifts – including your wisdom, time, and unwavering care. Medicus can help you deliver a final gift, one that protects their financial wellbeing for years to come.
Wishing you and your loved ones a safe, healthy, and restful holiday season.
Medicus is available in Alberta, British Columbia, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, the Northwest Territories, Nunavut and the Yukon.
Medicus Pension PlanTM is a trademark of The Bank of Nova Scotia (Scotiabank), used under licence. The Scotiabank and MD logo are trademarks of Scotiabank, used under licence. Scotiabank is the sponsor of the Medicus Pension Plan, which is a registered pension plan and is registered under the Pension Benefits Act (Ontario) and the Income Tax Act (Canada). To determine if the Medicus Pension Plan is appropriate for your retirement planning needs and retirement income objectives, please consult with a financial advisor.
Scotiabank provides banking and credit products and services. Visit scotiabank.com.
MD Financial Management Inc. wholly owns or has a majority interest in the MD Group of Companies. It provides financial products and services, is the fund manager for the MD Family of Funds and offers investment counselling services. For a detailed list of the MD Group of Companies, visit md.ca.
