Business Insurance
 
Business Insurance
 
Problem:

What happens when your business is the bulk of your estate?

You  spend a  lifetime  building a  business. You plow your profits

   
 

back into the company to keep it growing, locking your assets up in bricks, steel, and machinery. You owe little or no money at all.

Yet the day you die, you may owe hundreds of thousands, even millions of dollars. Those dollars you've locked up will have to be unlocked. Revenue Canada doesn't want bricks and steel, they want cash.

Liquidation may be the only way, and that could tear your estate apart overnight.

  
Solutions:
If you are spending a lifetime building a business, it should be worth keeping. We can tailor a program to meet your needs to help insure the continuation of your business. For example through a Universal Life contract your company deposits money into a Tax Sheltered account allowing corporate dollars to grow on a tax deferred basis. These dollars that otherwise would be going to Revenue Canada as tax, are effectively paying insurance premiums. Ultimately, tax-free dollars are instantly created that will provide liquidity when it's most needed.

We are equipped to handle all of your company's insurance needs. We can implement a plan into effect that will enhance corporate credit or help assure your company's continuity. As well, we can put together a package to help insure an amount equal to one year's profits, or even create a potential market for your company.

 

  
 
Also in this Section:
Key Person Protection | Financial Services | Estate Planning | Partnership Buy/Sell |
Deferred Compensation | Long Term Care
 
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