Boost Liquidity
To cover the final tax bill, life insurance provides liquidity that takes the form of a capital dividend–helping to preserve the value of your business.
Build Wealth
If you're eager to diversify your investments and explore additional tax shelters, consider incorporating life insurance into your investment strategy. With the investment portion accumulating value over time, tax-free, it becomes a personalized avenue for you to grow your wealth.
Transfer Wealth
Life insurance isn't just protection; it's a smart estate equalization tool. Imagine a scenario where one of your children operates a farming property, while others aren't involved. With life insurance, you can ensure equal shares in the estate for all your children without the need to sell the property.
Life Insurance
Build and transfer wealth
Individually-Owned Life Insurance
Life insurance is a powerful tool that helps you protect your family, diversify your investments, preserve your estate, and serves as an additional tax shelter.
Because most (or all) of the death benefit is tax-free, life insurance provides you with liquidity, allowing you to build wealth and transfer it to the next generation.
Corporate-Owned Life Insurance
Corporate-Owned Life Insurance (COLI) is a versatile financial tool designed for business owners. It provides cost-effective protection by making use of lower corporate tax rates when paying premiums through the company. Beyond insurance coverage, COLI helps manage costs, protect family and business partners, fund agreements, serve as collateral for loans, and offers valuable tax benefits. With tax-free death benefits, COLI serves as a strategic asset for business owners helping enhance liquidity, build wealth, and facilitate efficient wealth transfer.
Estate & Generational Wealth Planning
Over the years you may have accumulated assets consisting of registered savings, non-registered savings, property, perhaps even a business. When you pass, you want to ensure that your family or a favourite charity receives as much value of your estate as possible.
The reality is that if your estate is not structured effectively, much of it could end up as a final tax bill to the government or distributed to heirs in a way contrary to your wishes. This is why proper planning is essential to prevent the incorrect or inefficient distribution of your estate.
