Insurance

Life Insurance: What Does This Mean for a Business Owner?

Corporate-owned life insurance offers individuals a tax efficient method to accumulate passive wealth within a company, accessing the wealth tax-free, and transferring it to surviving beneficiaries.

What happens when you invest a portion of retained profits into a tax exempt, permanent life insurance policy?

• The savings component of the life insurance policy can grow on a tax-free basis; and
• A significant percentage of the policy proceeds payable at death can be paid to the shareholder’s estate as a tax-free capital dividend.

We’re here to help you navigate the complexities of corporate insurance and financial planning, so you can focus on growing your business with confidence.