Are You a Business Owner or Thinking of Starting a New Business?
Your business and personal needs change as your business grows.
For owners of Canadian-controlled private corporations, the best life insurance depends on the stage of growth the business is in today and its long-term goals.
Whatever stage your business is in, corporately-owned life insurance can protect what you’ve built, while supporting your plans for the future.
For example:
Start-up stage
- Protect corporate financial obligations, such as a mortgage or business loan
- Provide key person protection, both for your business and family
Growth stage
- Attract desirable employees
- Retain key employees
- Plan for business continuation
- Help ensure you and other shareholders can buy each other out at death or retirement
Established stage
- Plan for business succession and estate planning
- Prepare exit strategies
- Equalize the estate for heirs
- Structure supplemental retirement programs for you and your key employees
- Cost-effectively distribute locked-in surplus to surviving shareholders
At every stage of your business a financial advisor can help to ensure you have the right amount of life insurance coverage for your business—contact your financial advisor about the right solutions for your business.
Need a financial advisor?
To help ensure you have a proper financial plan, contact a regional marketing centre near you.
Life Events
Each of these life events can also change your life insurance needs.
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