CORPORATE INSURANCE

Corporate critical
illness.

Immediate capital paid to your business if a leader receives a serious diagnosis - to fund the continuity of operations without dipping into your cash flow.

Talk to an advisor

Alexandre Garneau, Financial Security Advisor in Montreal, corporate critical illness specialist.

COVERAGE

What this protection covers

Corporate critical illness insurance protects your company's financial health if a leader, partner or key employee receives a serious diagnosis.

Capital on diagnosis

Lump-sum payment to the company once the diagnosis is confirmed - 30 days after the survival period.

Single payout

Non-taxable*

Free use

Continuity of operations

Funds available to hire a temporary replacement, maintain operations and honor the business's commitments.

HR funding

Contracts maintained

Financial bridge

Emergency succession plan

Transition capital if a partner is out of action for an extended period - without being forced to sell company assets.

Transition time

Organized succession

Assets preserved

Complementary personal protection

The policy can be held personally or corporately depending on the tax strategy - Alexandre analyzes the best structure.

Tailored structure

Tax optimization

Accountant coordination

* Tax treatment depends on the policy structure. Consult your accountant. Alexandre can coordinate.

FREE ANALYSIS

Is your business protected against the unpredictable?

Alexandre analyzes your key people and offers a corporate protection strategy suited to your business's reality.

Analysis of your business's human vulnerabilities

Coordination with your accountant

No obligation to sign up

WHY THIS PROTECTION?

A diagnosis shouldn't
put your business at risk.

Illness gives no warning. If your key leader receives a diagnosis tomorrow morning, your business must be able to absorb the shock without dipping into its operating cash.

The gap shows up fast. Recruiting, training, lost clients - the cost of replacing a key leader piles up within the first weeks.

The amount to insure depends on the person's role, not just their salary. Alexandre assesses the real value they bring to the business.

64%

probability that a leader will experience a serious illness before age 75 - without planning, it's the business that absorbs the shock

Source: Canadian actuarial data

6-18

months required on average to stabilize a business after the sudden departure of a key leader with no succession plan

Source: CFIB - SME case studies

30d

payout time for the capital after the diagnosis is confirmed - to act quickly

Source: iA insurer data

Protect my business

Corporate critical illness - business protection - AG Financial Services.

AMF registered #272275

Financial Security Advisor

WHO IS IT FOR?

For which type of business?

Two or more partners

The company with partners

"A diagnosis could paralyze decisions"

Capital available for the operational bridge

Funding for a temporary replacement

No decisions forced under pressure

Incorporated professional

The incorporated professional

"Your income rests on your ability to work"

Protection of the company's revenue

Professional obligations maintained

Time to focus on treatment

Business with key employee

The business with a key person

"Your sales director is worth 40% of your revenue"

Funding for emergency recruitment

Client relationships maintained

Operational stability for 12 months

WHY CHOOSE US

The Alexandre advantage

Alexandre knows the specific challenges of Quebec businesses - and he coordinates with your accountant so the critical illness strategy fits into your overall planning.

Corporate business expertise

Knowledge of the optimal ownership structures for critical illness in the Quebec tax context.

Vulnerability analysis

Alexandre identifies your key people and quantifies the financial impact of their prolonged absence.

Accountant coordination

Work with your accountant to optimize the tax treatment of the capital received via the CDA.

Annual review

Updating coverage based on your business's growth and the evolution of your leadership team.

Alexandre Garneau, Financial Security Advisor, AG Financial Services.

30d

Payout on diagnosis

COMPARISON

With or without corporate protection

	No protection	Personal policy only	Corporate critical illness RECOMMENDED
Capital to the company on diagnosis	$0	None	Immediate capital
Continuity of operations funded	Non	Non	Oui
Temporary replacement funded	Non	Non	Oui
Cash flow protection	Non	Non	Oui
Tax structure optimizable	Non	Limited	Oui
Complementary to the personal policy	Non	N/A	Oui
			Choose this strategy

TESTIMONIALS

What leaders say

“My partner was diagnosed with colon cancer in the middle of our busy season. Corporate critical illness paid $200,000 to the company in 3 weeks. We were able to hire an interim director and honor all our contracts without panicking.”

Martin G.

Co-owner, Montreal

“Alexandre showed us that our personal policy didn't protect the business - only our families. We took out a corporate policy for the key person after less than 48 hours of thinking it over.”

Françoise B.

General manager, services business

“We hadn't thought about it at all until Alexandre asked us: 'If you're out of action for 6 months tomorrow morning, can your business survive?' The answer was no. We acted.”

Guy T.

Incorporated professional, Laval

* Names have been changed to protect client confidentiality.

STRUCTURE FACTORS

How to structure
your protection?

The optimal structure depends on your specific business. Alexandre analyzes each variable with you.

Analyze my business

Number of illnesses covered

6 basic illnesses up to 36 conditions

Corporate products generally cover the same illnesses as personal policies. Alexandre selects the appropriate coverage based on the risk profile of the leaders to be insured.

Profile of the insured persons

Age, health, family history

Each leader or key employee is assessed individually. The premium depends on the age and health of each insured person - Alexandre prepares a quote for each profile.

Amount of capital to protect

Based on the person's operational value

The capital is calibrated based on the replacement cost of the key person: replacement salary, recruitment costs, estimated lost revenue and the length of the transition period. Alexandre uses a structured framework.

Ownership structure

Corporate or personal?

A corporate policy lets the company recover the capital tax-free via the CDA under certain conditions. Alexandre coordinates with your accountant to choose the structure that maximizes the tax benefits.

PROCESS

How do you file a claim?

Alexandre coordinates the process for your business.

Diagnosis

Once medically confirmed, notify the insurer with the attending physician's report.

Timeline: 30 days

Documentation

Claim form, medical certificate and policy statement.

Alexandre coordinates

Processing

The insurer reviews the file. A 30-day survival period applies.

Timeline: 10-30 days

Payout

Capital paid to the company according to the policy designation.

Free use

COMPLETE YOUR STRATEGY

Frequently asked questions

What's the difference between a corporate and personal critical illness policy?

A personal policy pays the capital to the insured person for their personal needs. A corporate policy pays the capital to the company to protect operations. The two can coexist and complement each other. Alexandre analyzes which combination matches your situation.

Is the capital paid to the company taxable?

Tax treatment depends on the policy structure and its use. In some cases, the capital can be credited to the Capital Dividend Account (CDA) and redistributed to shareholders tax-free. Alexandre coordinates with your accountant to maximize the tax benefit.

Should all leaders be insured or only the key person?

It depends on the structure of your leadership team. In a company with two partners, both should be covered. For a business with a crucial sales director, a targeted key person policy is enough. Alexandre analyzes the vulnerability of each role.

Can the capital be used for purposes other than operations?

Yes - unlike some niche products, the capital from a corporate critical illness policy is free to use. The company can allocate it to any need: replacement, debt, projects, or a cash reserve.

Which illnesses are covered in the corporate version?

The same conditions as personal policies - cancer, heart attack, stroke, organ transplant, multiple sclerosis, and up to 36 conditions depending on the chosen product. The corporate version has no reduced coverage.

Is the premium deductible for the company?

No - critical illness premiums are generally not deductible. The tax value lies in the treatment of the capital received (CDA) and in protecting the company's operational value. Alexandre explains how to optimize despite this constraint.

Does the 30-day survival period also apply to the corporate version?

Yes, the same basic conditions apply - the insured person must survive 30 days after diagnosis. Alexandre checks the specific clauses for the product chosen for your business.

What happens if the key leader leaves the company?

The policy can be transferred to the person, cancelled, or reassigned to a new key leader. Alexandre reviews the structure whenever the leadership team changes.

LET'S TALK

Protect your business against
the medical unexpected.

Alexandre analyzes your key people and offers a suitable corporate strategy. Free, no obligation.

Reply within 48h

Coordination with your accountant

AMF registered #272275

Corporate critical
illness.