Can a Speciality Insurance Contract end your Spousal Support Payments forever?

Everyone who has persevered through a Divorce or the break-up of a Common-law relationship and been ordered or agreed to pay spousal support knows all about the financial strain they have to put up with for what could be the rest of their lives. This is not to mention the anger, pain and frustration that usually accompany the "monthly" cheque! After all the negotiations have been completed and the agreement finalized, it still does not seem to end there. Neither party has wholly ended the relationship one with the other. The payee spouse is left worrying that he/she continues to receive his/her spousal support payments on time and for as long as the order or agreement states, without ever having to go to court again but never really knowing for certain. While on the other hand, the payor spouse now has the obligation of supporting two households and not knowing how long he/she can maintain this obligation and also hoping never having to see the inside of a court again!

The more "fortunate" are able to resign themselves to payment or receipt of the "monthly" cheque and then move on with their lives. For the rest, it can be a very long painful, drawn out affair that never seems to go away.

There is a final resolution to overcome this situation.

For a one-time investment, with the help of a large financial institution there is a program that will provide the payor and payee spouse with the final resolution, including the following benefits:

  • The payor spouse, after making a one time investment never has to make another spousal support payment.
  • The payee spouse never has to worry about receiving his/her spousal support payments and they will all be on time.
  • The Financial Institution will undertake the responsibility of making the regular monthly spousal support payments for as long as they are required.
  • You will still be able to claim the tax credit for the spousal support payments.
  • Both parties will, at last, be able to put the past where it belongs, in the past and move on with their lives.
  • In the process, you will save yourself thousands of Dollars in spousal support payments. The chart below provides some examples of the possible savings.

 

Spousal support term
10 years
15 years
18 years
21 years
Annual spousal support
$18,000
$18,000
$18,000
$18,000
Total spousal support
$180,000
$270,000
$324,000
$378,000
Single premium
$147,841.55
$200,270.70
$225,146.60
$245.684.95
Savings in dollars
$32,158.45
$69,729.30
$98,853.40
$132,315.05
Savings by percentage
17.87%
25.83%
30.51%
35%

NB. Savings are shown Gross, before any applicable tax/ tax credits have been taken into account. Premiums shown are based upon a Male/Female aged 35 as of Sept. 15, 2003 and are time sensitive and subject to change without notice.

The parties have to agree to this change, the agreement amended, in writing or the Order varied on consent.

This information has been provided by a Licensed Professional to assist you in bringing this remarkable plan to fruition. You may contact the writer who will put you in touch with Barry Rebuck.

Please This email address is being protected from spambots. You need JavaScript enabled to view it. so that this Office can begin to put this plan into action for you.

Or please click here for more a detailed graph of the savings possible through this plan.

Reviewed March 2015