Corporate Owned Life Insurance
Create The Right Structure
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” –Robert Kiyosaki
Provide For Loved Ones
Corporate Owned Life Insurance gives you the peace of mind you need, knowing that in the event of premature death, your loved ones will have the necessary funds to cover funeral expenses, mortgage payments, debts and to ensure your family’s well-being while maintaining the quality of life you have provided.
Tax Sheltered Growth
Corporate Owned Life Insurance was designed to allow clients to take full advantage of their savings. As long as the balance of the contract's surrender value does not exceed the maximum value prescribed by the Income Tax Act, the interest in the accumulation fund is not subject to annual income taxes.
Tax Efficient Retirement
Corporate Owned Life Insurance allows you the flexibility of tapping in to your accumulated funds within your policy in an extremely tax efficient way to maximize your lifestyle in retirement when accessed in accordance to the parameters of your policy contract.
Transfer of Wealth Tax Efficiently
Corporate Owned Life Insurance allows for a tax efficient transfer of your personal and corporate assets into the hands of your beneficiaries. Structuring how you pass your wealth to your family is the key to minimizing how much tax is paid upon that transfer.
Accessibility of Cash Flow
Corporate Owned Life Insurance creates the opportunity to expand your company when cash flow needs arise. The accumulation fund in your policy can be accessed to service those needs and further the growth of your business.
Estate Preservation
Corporate Owned Life Insurance pays upon death, the benefit to your named beneficiaries directly, while bypassing probate and estate fees. The estate transfer tax efficiency provides generational wealth transfer to go where you want it to go.
Book a consultation to find out how this fits into your wealth plan and if you qualify for this strategy.