Adopting a strategy to include permanent life insurance is a solid practice for more and more wealthy Canadian business owners.

Click here to learn more about this topic in the CPA Whitepaper, Bolstering the Balance Sheet

"Clients want protection that satisfies two simultaneous goals:  1) optimizing the value of their business for future shareholders and 2) take advantage of opportunities to grow."

 

Here are 5 key reasons why permanent life is a solid decision for many Canadian business owners:

1. Wealthy business owners can use permanent life insurance to protect their estates and address tax issues

2. Use insurance as a tax-efficient asset, not just an expense

3. Enhance a corporate balance sheet by minimizing tax burdens and enhancing liquidity.

4. Do more with insurance than protecting human capital; retain financial capital

5. Build a tax-sheltered cash accumulation fund with a high degree of stability

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