Do you need corporate life insurance?
There are a number of reasons why you might chose to buy life insurance within your business. This can include funding buy-sell arrangements with your business partners, insuring the lives of key personnel, or using life insurance to create a tax deferred investment portfolio within the business.
There are a number of considerations that must be accounted for when considering corporately owned life insurance. This is an area where you need to get advice and Red Seal Financial Ltd. is here to help you.
We have a range of insurance products that we can recommend to achieve your risk management objectives. See below for more details.
Term Life Insurance
Whether you are looking to protect your family or your business, term life insurance offers affordable and flexible protection you can customize to meet your temporary and growing needs.
You can choose term life coverage that protects you for 10 or 20 years or until you reach age 65 or age 100.
Universal Life Insurance
Designed to meet both your life insurance and investing needs, universal life insurance combines long-term insurance protection and tax-advantaged investing in one single, customizable policy.
Whether your goal is to protect the legacy you’re building for your loved ones, or to build additional wealth over time, universal life insurance can help you achieve your goal.
Whole Life Insurance
Whole life insurance offers guaranteed, reliable coverage to last your entire lifetime. Ideal for personal and business needs, it provides permanent protection you can count on and guaranteed cash values that grow over time.
With many whole life insurance policies, there are flexible features and options (riders) available that allow you to customize the product to suit your needs.