KEY PERSON INSURANCE

For many businesses, key person life insurance is critical to their risk mitigation strategy—by reducing the financial hardship associated with the loss of a top salesperson or leader. When a Lower Mainland business was faced with such a loss they anticipated a $2M death benefit, with the remaining $2M paid to the spouse. However, things got complicated fast. Despite not being the sales agent of the policy, our team of life insurance advisors was asked to help preserve tax-free proceeds of $2M for the company.

Find out how we did it!

CORPORATE LIFE INSURANCE

Mary and her husband operated a successful family business— now in the capable hands of their children. But with Mary in her 90s and failing health, her advisors wanted to review her corporate life insurance policies purchased in the early 1980s. Our advisors were asked to confirm the Adjusted Cost Basis (ACB) and the capital dividend account (CDA) credit allowing for $1.4M in tax-free dividends to be paid. Our challenge? The policy was wrongly classified by the insurance company.

Find out how we delivered for our client!!

EMPLOYEE BENEFITS

You know it’s time for a change, but you’re unsure about what actually needs to change. Knowing the important difference between an insurance carrier and an advisor is the right place to start. Often the two are used interchangeably, but they are not the same.

Take our Group Benefits Advisor Checkup! If your current advisor isn’t consistently performing the key roles and activities in our Checkup, the change you need is clear and easier than you think.