Empire Life introduces a disability savings plan

Canadian life and health insurance provider Empire Life announced the launch of its new Registered Disability Savings Plan (RDSP). This option combines the benefits of the government’s RDSP program with features of segregated funds.

The new plan is designed to help Canadians with disabilities and their families build long-term financial stability through features such as government grants and bonds of up to $90,000, tax-deferred investment growth, and flexible contributions with a lifetime maximum of $200,000.

“Empire Life’s RDSP is designed to help Canadians with disabilities and their families build a more financially secure future. Our RDSP allows those who qualify to take advantage of very powerful government benefits with the added protection and peace of mind that segregated funds offer.” – Steve Pong, Senior Vice-President and COO, Insurance and Investments.