8 Clever Uses of Life Insurance by Business Owners

uses of life insurance

Very few people say they love buying or the process of purchasing life insurance. Who wants to discuss the eventual demise of oneself? Certain situations rely upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner. There are, however, clever uses of life insurance by business owners that are predicated … Read More

How the Individual Pension Plan Helps Business Owners Retire Wealthier?

  In life and business, failure teaches us some incredible lessons.  Many of the ideas that I talk to business owners about today come from the mistakes that I made in my first business.  In one breath, I wish that I could have started my current business 20 years ago, however, if I had not experienced the challenges and hardships … Read More

What’s the Advantage of Having a Holding Company? The Truth Revealed

Holding Company

A question that I’m often asked by business owners is “Do I Need a Holding Company or is my Operating Company enough?”  There are a number of potential opportunities that a Holdco, which owns shares in your OpCo, that can offer business owners a  huge advantage over just having an Opco.  We’ll take you through a few scenarios where a … Read More

Why It’s Critical to Pay Attention to Your Beneficiary Designation?

beneficiary designation

Whether you’re taking a contract for your business or personally, naming a beneficiary is a valuable feature of life insurance and segregated funds policies so it is important to carefully choose your beneficiaries.  Have you made any of these common mistakes with your beneficiary designation? Estate – the default choice Many people choose to name their “estate” as their beneficiary. … Read More

How Can You Tame Market Volatility by Using Segregated Funds?

Managing Group Benefit Costs

Locking In Gains, Creditor Protection, Principle Investment Guarantees,  Estate Planning are a Few Reasons why you may want to look at Segregated Funds as an Investment Option. Asking the average investor if they regret being in equities the past 8 years, you would have heard a resounding “NO”…. until February 2018, which saw a huge market correction.  Many boasts about … Read More

8 Reasons Why Segregated Funds Might Be a Better Investment Option for You

Why Segregated Funds

Investing in today’s environment is not for the faint of heart. However, fortunately for Canadians, Segregated Fund products offered by many life insurance companies provide a safety net for nervous investors. Fund products present some interesting opportunities for people looking to get more security in their investment portfolios without sacrificing their growth potential.  100% Maturity and Death Benefit Guarantee At … Read More

4 Key Things to Consider When Building Business Owner Wealth

business owner wealth

The Keys To Building Business Owner Wealth You’ve built a thriving and successful business. You continue to be profitable and continue to reinvest into your business while building wealth for your eventual retirement. You have a succession plan in place and a plan to exit the business at some point over the next 15 years. The plan is to work … Read More

5 Types of Business Risk Every Business Owner Should Absolutely Prepare For

Benefit Plan a Liability To Your Company

Ignoring Business Risks Could Mean Disaster for Your Family, Your Retirement, Your Business and Your Employees As business owners, we expect and accept a certain amount of risk.  If there weren’t any risk, then everyone would go into business for themselves.  Like in life as in running a business, there are smart risks, calculated risks and completely random risks.  Some … Read More