Protect Your Business.
Plan for Tomorrow.
Book a Review
Build Protection Into Your Business Strategy
Business-Owned Life Insurance
Long-Term Protection
Business Continuity
Where Business Life Insurance Can Help
Business Continuity
Key Person Protection
Shareholder Planning
Estate & Legacy Planning
Corporate Planning
Wealth Transfer
Which One Fits Your Business?
Permanent Lifetime Coverage
- Guaranteed lifetime protection with constant premium structures
- Locked-in cash value growth that accumulates tax-deferred
- Eligible to receive annual corporate policy dividends
BEST FOR:
Consult on Whole LifeFlexible & Growth-Oriented
- Adjustable premium timelines to match annual business cashflow
- Market-linked options to maximize cash value growth yield
- Flexibility to scale death benefit protection up or down
BEST FOR:
Explore Universal OptionsCOMMON QUESTIONS
Simple Answers for Business Owners
Clear, expert guidance on leveraging corporate life insurance strategies to shield your company, protect shareholders, and grow tax-sheltered wealth.
How does corporate ownership of life insurance work?
Corporation-owned life insurance is purchased, paid for, and owned by the business, which acts as the primary beneficiary. Because premiums are paid with corporate dollars (which are taxed at a lower active business rate than personal income), it is highly cost-effective. Upon the insured executive’s passing, the death benefit is paid to the corporation, typically flowing tax-free to surviving shareholders via the Capital Dividend Account.
What is the core difference between Whole and Universal life?
Whole Life corporate policies offer guaranteed premiums, a fixed minimum death benefit, and stable cash value growth that is managed by the insurer—often augmented by annual dividends. Universal Life corporate policies provide greater deposit flexibility and let you choose and manage the underlying investment options yourself. Whole Life values stability and predictability, while Universal Life prioritizes custom investment flexibility.
What is key-person protection and does my company need it?
Key-person protection is a policy structured to insulate your business from financial damage if an indispensable partner or employee passes away. The cash payout acts as emergency capital to find, hire, and train a successor, service outstanding business loans, or offset lost revenue, proving to banks and clients that your business remains highly stable under duress.
How does life insurance integrate into shareholder planning?
In a shareholder agreement, life insurance is used to fully fund a corporate buy-sell clause. If a partner passes away, the cash benefit flows to the corporation, allowing the surviving shareholders to seamlessly buy out the deceased partner’s shares from their estate. This protects the surviving partners from having the estate join management, and guarantees the deceased family is fairly compensated.
Can corporate life insurance payouts really be distributed tax-free?
Yes, they absolutely can. While corporate insurance premiums are typically paid with after-tax corporate dollars, the payout of the death benefit to the corporation is completely tax-free. Under current tax laws, this sum credits the company’s Capital Dividend Account (CDA), allowing the corporation to distribute the cash to Canadian shareholders completely tax-free.
Are there minimum corporation size or revenue requirements?
There are no strict size or high revenue restrictions to build a corporate policy. Whether you operate a growing professional practice, a mid-sized operating company, or a private holding company, you can leverage these plans. The main qualification is that the corporation has surplus capital or a genuine need to manage estate transition and business risk.
Your business took years to build. Protect What You’ve Built.
Let’s explore whether Whole Life or Universal Life insurance can be part of your long-term strategy.
Book a Review