{"id":1672,"date":"2024-01-17T13:38:43","date_gmt":"2024-01-17T20:38:43","guid":{"rendered":"https:\/\/vantageadvisory.ca\/?page_id=1672"},"modified":"2024-02-08T15:08:43","modified_gmt":"2024-02-08T22:08:43","slug":"corporate-insurance","status":"publish","type":"page","link":"https:\/\/vantageadvisory.ca\/services\/corporate-insurance\/","title":{"rendered":"Corporate Insurance"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#EDEDED” z_index=”3″ custom_margin=”-50px||||false|false” custom_padding=”150px||150px||true|false” custom_padding_tablet=”10%||10%||true|false” custom_padding_phone=”10%||10%||true|false” border_radii=”on|50px|50px|50px|50px” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” _builder_version=”4.24.0″ _module_preset=”default” custom_css_after=”display: none;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” custom_css_main_element_phone=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” theme_builder_area=”post_content”][et_pb_column type=”1_3″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex: 0 0 100%;” custom_css_main_element_phone=”flex: 0 0 100%;” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Leveraging Corporate-owned<\/strong><\/span>Life Insurance<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex: 0 0 100%;” custom_css_main_element_phone=”flex: 0 0 100%;” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Discover the strategic advantages, tax benefits, and funding options of corporately owned life insurance. Protect your business interests and family while maximizing growth and tax efficiency<\/strong>. Explore the possibilities and make informed decisions with our expert guidance. Contact us for tailored advice today.<\/p>\n

[\/et_pb_text][et_pb_button button_url=”#second” button_text=”Learn More” _builder_version=”4.24.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” module_id=”second” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#292A2D” z_index=”0″ overflow-x=”hidden” overflow-y=”hidden” custom_margin=”-50px||||false|false” custom_padding=”200px||200px||true|false” custom_padding_tablet=”15%||15%||true|false” custom_padding_phone=”20%||20%||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”a94a9d89-4202-4540-bfc9-64b3c52cfc69″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Corporate-Owned Life Insurance<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.23.4″ _module_preset=”a94a9d89-4202-4540-bfc9-64b3c52cfc69″ header_2_font=”||||||||” header_2_text_color=”#FFFFFF” custom_margin=”25px||5px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

A Strategic Asset for Business Owners<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.24.0″ _module_preset=”default” custom_css_main_element=”display: flex;||justify-content: flex-end;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display: flex;||justify-content: flex-start;” custom_css_main_element_phone=”display: flex;||justify-content: flex-start;” theme_builder_area=”post_content”][et_pb_button button_url=”\/contact\/#quote” button_text=”Get a Quote in 48hrs” _builder_version=”4.24.0″ _module_preset=”9b135920-e988-4471-a48e-d2c8a6e23720″ global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][et_pb_button button_url=”\/contact\/#chat” button_text=”Book a 10min Chat” _builder_version=”4.24.0″ _module_preset=”c0ccd6fe-6f60-4cb1-af9f-ff069c0a5001″ global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#FFFFFF” custom_padding=”3%|6%|5%|6%|false|true” custom_padding_tablet=”10%|5%||5%|false|true” custom_padding_phone=”16%|5%||5%|false|true” border_radii=”on|50px|50px|50px|50px” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_accordion open_toggle_background_color=”RGBA(255,255,255,0)” closed_toggle_background_color=”RGBA(255,255,255,0)” icon_color=”#D8B46F” _builder_version=”4.24.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][et_pb_accordion_item title=”Protecting Your Interests” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” open=”off” sticky_enabled=”0″]Corporate business owners must safeguard their family, business continuity, and interests. One effective way is through life insurance, which can be personally owned or held within the corporation.[\/et_pb_accordion_item][et_pb_accordion_item title=”Corporate Ownership Pros and Cons” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” open=”on” sticky_enabled=”0″]Owning life insurance through your corporation offers unique advantages and challenges. It’s crucial to weigh these carefully before making a decision.[\/et_pb_accordion_item][et_pb_accordion_item title=”Understanding the Role of Corporately Owned Life Insurance” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Corporately owned life insurance isn’t just a policy\u2014it’s a strategic tool for:<\/p>\n

    \n
  • Key person insurance<\/li>\n
  • Business loan protection<\/li>\n
  • Buy-sell agreement funding<\/li>\n
  • Charitable contributions<\/li>\n
  • Capital gains tax funding at death<\/li>\n
  • Executive compensation plans<\/li>\n
  • Retirement funding<\/li>\n
  • Estate tax and equalization<\/li>\n
  • Tax-sheltered wealth growth<\/li>\n<\/ul>\n

    [\/et_pb_accordion_item][et_pb_accordion_item title=”Tax-Deferred Growth” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

    Corporate-owned, tax-exempt life insurance allows for tax-deferred investment growth.<\/p>\n

    [\/et_pb_accordion_item][et_pb_accordion_item title=”Funding Choice” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

    While life insurance premiums are not tax-deductible, they are paid with after-tax dollars. Business owners should consider the most tax-efficient funding method:<\/p>\n

      \n
    1. Dividend payments to the owner, who then pays the premium personally.<\/li>\n
    2. Increased salary to the owner, who then pays the premium personally.<\/li>\n
    3. Direct premium payment by the corporation, with the corporation as the policyholder.<\/li>\n<\/ol>\n

      The third option is often the most tax-efficient, benefiting from generally lower corporate tax rates.<\/p>\n

      [\/et_pb_accordion_item][et_pb_accordion_item title=”Accessing Cash Value” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

      Corporately owned policies offer flexible options for accessing cash value, useful for personal or business needs. These include partial or full withdrawal, policy loans, or using the policy as collateral for a loan.<\/p>\n

      [\/et_pb_accordion_item][et_pb_accordion_item title=”Death Benefits and Beneficiary Designations” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

      It’s advisable for the corporation to be the policy beneficiary. The death benefit increases the corporation’s Capital Dividend Account (CDA), allowing for tax-free capital dividends to shareholders.<\/p>\n

      [\/et_pb_accordion_item][et_pb_accordion_item title=”Other Considerations” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

        \n
      • The policy’s cash surrender value impacts the corporation’s balance sheet.<\/li>\n
      • Transferring a personal policy to a corporation is a taxable event.<\/li>\n<\/ul>\n

        [\/et_pb_accordion_item][et_pb_accordion_item title=”Conclusion” open=”off” _builder_version=”4.24.0″ _module_preset=”default” body_text_color=”#292A2D” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

        Corporately owned, tax-exempt life insurance offers significant tax benefits for business owners. However, it’s essential to understand all aspects before proceeding. Contact us for more information and tailored advice.<\/p>\n

        [\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#EDEDED” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#111a1c 0%|rgba(17,26,28,0.33) 98%” background_color_gradient_overlays_image=”on” background_image=”https:\/\/vantageadvisory.ca\/wp-content\/uploads\/2024\/02\/img-banner-benefits.jpg” z_index=”3″ min_height=”100vh” custom_margin=”-50px||||false|false” custom_padding=”150px||150px||true|false” custom_padding_tablet=”10%||10%||true|false” custom_padding_phone=”10%||10%||true|false” border_radii=”on|50px|50px|50px|50px” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”2_5,3_5″ make_equal=”on” _builder_version=”4.24.0″ _module_preset=”default” custom_css_after=”display: none;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” custom_css_main_element_phone=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” theme_builder_area=”post_content”][et_pb_column type=”2_5″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex: 0 0 100%;” custom_css_main_element_phone=”flex: 0 0 100%;” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”a94a9d89-4202-4540-bfc9-64b3c52cfc69″ custom_margin=”||17px||false|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

        Your Benefits Journey, Your Way<\/p>\n

        [\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” text_text_color=”#FFFFFF” header_2_text_color=”#FFFFFF” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

        Benefits Made Easy for Everyone<\/h2>\n

        [\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” text_text_color=”#FFFFFF” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

        We’ve blended the best of both worlds – tech and the personal touch.<\/span><\/strong> While we love our tech gadgets, we also cherish face-to-face connections. That’s why, when the time’s right, we’ll gladly treat you to a classic lunch or a friendly round of golf. It’s about building relationships<\/strong><\/span> as we build your group benefits plan.<\/p>\n

        [\/et_pb_text][et_pb_button button_url=”\/contact\/#quote” button_text=”Get a Quote in 48hrs” _builder_version=”4.24.0″ _module_preset=”9b135920-e988-4471-a48e-d2c8a6e23720″ global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][et_pb_button button_url=”\/contact\/#chat” button_text=”Book a 10min Chat” _builder_version=”4.24.0″ _module_preset=”c0ccd6fe-6f60-4cb1-af9f-ff069c0a5001″ global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex: 0 0 100%;” custom_css_main_element_phone=”flex: 0 0 100%;” theme_builder_area=”post_content”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#D8B46F” z_index=”0″ custom_margin=”-50px||||false|false” custom_padding=”180px||111px||false|false” custom_padding_tablet=”15%||1%||false|false” custom_padding_phone=”20%||4%||false|false” border_radii=”off|||50px|50px” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” _builder_version=”4.24.0″ _module_preset=”default” custom_css_after=”display: none;” locked=”off” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” custom_css_main_element_phone=”display: flex;||flex-wrap: wrap;||justify-content: space-between;” theme_builder_area=”post_content”][et_pb_column type=”1_3″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex: 0 0 100%;” custom_css_main_element_phone=”flex: 0 0 100%;” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” header_2_text_color=”#FFFFFF” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

        Join the Vantage Experience<\/h2>\n

        [\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”off|tablet” custom_css_main_element_tablet=”flex: 0 0 48%;||width: 100%;||margin-right: 0 !important;||height: auto;||margin-bottom: 0;” custom_css_main_element_phone=”flex: 0 0 100%;||width: 100%;||margin-right: 0 !important;||height: auto;” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” text_text_color=”#FFFFFF” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

        Ready to experience group benefits in a whole new way? Let\u2019s chat! Discover how Vantage Advisory can help you secure the group benefits you need<\/strong> while keeping things simple and enjoyable. Don\u2019t worry, we\u2019ll never leave anyone behind on the tech train. Reach out to us today, and let\u2019s get started on your group benefits journey together<\/strong>!<\/p>\n

        [\/et_pb_text][et_pb_button button_url=”\/contact\/#quote” button_text=”Get a Quote in 48hrs” module_class=”solid white inline” _builder_version=”4.24.0″ _module_preset=”9b135920-e988-4471-a48e-d2c8a6e23720″ custom_button=”on” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][et_pb_button button_url=”\/contact\/#chat” button_text=”Book a 10min Chat” module_class=”white inline” _builder_version=”4.24.0″ _module_preset=”c0ccd6fe-6f60-4cb1-af9f-ff069c0a5001″ custom_button=”on” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.24.0″ _module_preset=”default” background_color=”#292A2D” min_height=”80px” custom_padding=”0px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

        Leveraging Corporate-ownedLife InsuranceDiscover the strategic advantages, tax benefits, and funding options of corporately owned life insurance. Protect your business interests and family while maximizing growth and tax efficiency. Explore the possibilities and make informed decisions with our expert guidance. Contact us for tailored advice today.Corporate-Owned Life InsuranceA Strategic Asset for Business OwnersCorporate business owners must […]<\/p>\n","protected":false},"author":1,"featured_media":1934,"parent":566,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/pages\/1672"}],"collection":[{"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/comments?post=1672"}],"version-history":[{"count":3,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/pages\/1672\/revisions"}],"predecessor-version":[{"id":1976,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/pages\/1672\/revisions\/1976"}],"up":[{"embeddable":true,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/pages\/566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/media\/1934"}],"wp:attachment":[{"href":"https:\/\/vantageadvisory.ca\/wp-json\/wp\/v2\/media?parent=1672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}