Are you a
business owner?

When the company owns and is the beneficiary of the policy, the capital paid on death flows through the capital dividend account (CDA). This allows a tax-free distribution to surviving shareholders - a major tax advantage over a personal policy. Alexandre works with your accountant to optimize the structure.

Unlike employees, entrepreneurs have no right to employment insurance in case of disability. If your income comes from your company, a prolonged disability can put the business at risk. Deductible disability insurance replaces your income, and the premium is deductible for the company.

A shareholder agreement defines what happens to a shareholder's shares in case of death, disability or departure. Without adequate funding, surviving shareholders may be forced to accept heirs as partners or sell company assets to buy back the shares. Corporate life insurance funds that buyback cleanly.

Yes, if the policy is taken out in the company's name. Note: if the premiums are deductible, the benefits will be taxable on receipt. If the premiums are not deductible (personal policy), the benefits are tax-free. Alexandre works out with you which scenario is most advantageous given your tax situation.

Maybe, but cash is usually needed to run operations. Using it to buy back shares leaves the business weakened at the worst time. Corporate life insurance is a predictable monthly cost for capital available instantly when needed.