Two powerful ways to protect what matters
Life insurance is protection first: a tax-free death benefit that replaces lost income, pays down the mortgage, or leaves a legacy for the people who depend on you. It can also cover critical illness, disability, and final expenses — so one diagnosis or one loss doesn’t derail your family’s plans.
An Insured Retirement Plan (IRP) layers insurance protection on top of an investment component. It’s a tax-efficient, cost-effective way to save for retirement or transfer wealth beyond RRSP and TFSA limits — while building a guaranteed income stream and estate advantages.
Because no two households or businesses are the same, Alphaspring Financial takes a tailored approach. We help you evaluate both options — separately or together — before anything is set up.
Life Insurance vs. IRP at a glance
Life Insurance
- Tax-free death benefit to beneficiaries
- Term & permanent options
- Critical illness & disability protection
- Mortgage & final expense coverage
- Simple, focused protection
Insured Retirement Plan
- Combines insurance + investment growth
- Tax-efficient savings beyond RRSP/TFSA limits
- Guaranteed retirement income stream
- Estate planning & named beneficiaries
- Potential creditor protection
Key benefits
Family protection
A tax-free death benefit helps replace lost income, clear the mortgage, and keep your family’s plans intact.
Retirement income
An IRP can provide a reliable, guaranteed income stream in retirement — beyond what RRSP and TFSA limits allow.
Critical illness & living benefits
Coverage for critical illness, disability, and long-term care helps protect you if a serious diagnosis changes everything.
Estate & legacy
Name preferred beneficiaries, potentially bypass probate, and help shield savings from creditors.
Who is it for?
Serving families, incorporated professionals, business owners, and retirees across Alberta, Ontario, and Manitoba.
Protect the ones who depend on you
Term or permanent coverage to protect your income, pay off the mortgage, and secure your children’s future.
Save beyond RRSP & TFSA limits
Use an IRP to build tax-efficient retirement savings — with insurance protection and estate planning woven in.
Convert savings into guaranteed income
Turn accumulated savings into reliable retirement income and cover final expenses and long-term care with peace of mind.
How it works
Book a consultation
Start with a short, no-obligation introduction — about 20 minutes — to talk through your situation and goals.
We assess your needs
We review your family, income, business, and retirement goals to see where life insurance or an IRP fits best.
Tailored plan & setup
If coverage is right for you, we design it around your life and help you put it in place — with no cookie-cutter solutions.
Knowledgeable, independent guidance
Abidemi Aremu
Principal Consultant, Alphaspring Financial Inc
As a CPA, CGA and FCCA leading a financial consulting and independent insurance brokerage, Abidemi brings expert, tailored guidance to families, incorporated professionals, and business owners. He’ll help you evaluate whether life insurance or an Insured Retirement Plan fits your broader protection and retirement strategy — with no cookie-cutter solutions.
Ready to protect your family and your retirement?
Book a short, no-obligation consultation and find out whether life insurance, an IRP, or both belong in your plan.
Book a free 20-minute consultationPrefer to talk first? Call 403-899-7738 or email info@alphaspringfinancial.com.
This page is provided for general information only and does not constitute tax, legal, or investment advice. Life insurance and Insured Retirement Plans are subject to eligibility, underwriting, and applicable rules. Speak with a qualified professional about your specific circumstances.
