The Opportunity for Small Businesses and Professional/Medical Corporations with growing Retained Earnings
Business owners who need Life Insurance to…
Capitalize on the Capital Dividend Account (CDA) to receive potentially tax-free dividends
Fund a buy-sell agreement between partners of the company
Cover the loss of a key employee such as an individual with a special skill
Secure a loan that will only be granted if there is life insurance on the business owner
Fund a capital gains liability that results from the distribution of a shareholder’s interest in the company to his/her designated beneficiaries
Using Whole Life or Universal Life, once a sizeable Cash Value has accumulated, a third party line of credit may be established to…
Access a source of cash for income or emergencies
Provide a source of tax advantaged supplemental retirement income for key employees and owners
Seek out new business opportunities
Expand their businesses or pay for other operational expenses