Corporate Insurance
Corporate owned life insurance not only has the benefit of financial protection, but also has extra tax advantages that can minimize the tax burden.
Key benefits of
Corporate Life Insurance
- Buy-Sell agreements
- Tax-free transfer of insurance payout
- Tax-sheltered growth of premium deposits
- An asset on the balance sheet
- Getting yearly dividends
- Policy as a collateral for a corporate bank loan
There are a lot of interesting elements of corporate owned life insurance policies. Related to them are nuances and special provisions that require specialized insurance knowledge. We have both insurance and accounting team who can provide you a better solution. You are welcomed to contact us if you are interested to acquire an insurance for your company.
Insurance Providers
Sun Life
Sun Life Financial Inc. is a Canadian financial services company and one of the largest life insurance companies in the world; it is also one of the oldest, with a history spanning back to 1865. Sun Life has a presence in investment management with over CAD$1 trillion in assets under management operating in a number of countries. And over $125 billion in (AUA) Assets Under Administration as of 2020. Sun Life ranks number 273 on the Forbes Global 2000 list for 2019.
Manulife
Manulife is a leading international financial services group that helps people make their decisions easier and lives better. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers.
Canada Life
Canada Life Assurance Company, the first life insurance company in Canada, established on 21 August 1847. Canada Life is the largest insurance company in Canada based on assets under management.
Equitable life
Equitable Life of Canada is one of Canada’s largest mutual life insurance companies founded in 1920 in Waterloo, Ontario. Equitable Life reported premiums and deposits of $1.7 billion in 2020, contributing to $6.0 billion of assets under administration.
IA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange, and it has more than 4 million clients with over $96 billion in Assets Under Administration (AUA) as of 2020.
Insurance Providers
Equitable life
Equitable Life of Canada is one of Canada’s largest mutual life insurance companies founded in 1920 in Waterloo, Ontario. Equitable Life reported premiums and deposits of $1.7 billion in 2020, contributing to $6.0 billion of assets under administration.
