Corporate Life Insurance Planning
Corporate life insurance planning connects a company's protection needs with its ownership structure, cash flow and longer-term commitments. The starting point is a documented insurance need and a structure your professional team can support.
Guidance from Ramandeep Singh in Brampton, serving Ontario and New Brunswick. Coverage and product availability depend on eligibility and province.
Where planning can help
A corporation may own and pay for life insurance where the purpose and structure are appropriate. Identify whose life is insured, who receives the proceeds and what obligation the policy is intended to address. Corporate ownership is not automatically the right choice.
Review premium commitments alongside working capital, debt and emergency reserves. If permanent coverage is considered, compare guarantees, non-guaranteed illustrations, access conditions and the consequences of an early surrender.
Do not assume company-paid premiums are deductible or that every policy creates the same tax result. Your accountant and lawyer should review deductibility, shareholder-benefit concerns and any capital dividend account implications for the proposed arrangement.
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