Corporate Estate Bond - Annuity Funded

Annuity Funded

Need

Shareholder of a private corporation who has a strong desire to leave a legacy at death.Gratified by immediate completion of planning strategy. Prefers locked-in planning strategies.Age 65 and older .Corporation with liquid investments (to purchase annuity).

Structure

Corporation uses surplus cash, currently invested in taxable investments, to fund or overfund a life insurance policy.

Comparative Analysis

Compare the estate benefits of a corporate owned permanent life insurance policy to a taxable investment.

Benefits

Provides life insurance protection.Increases the size of the estatewhere proceeds received by the corporation are distributed to the deceased shareholder’s estate.Cash values grow tax deferred. Reduces current tax payable by corporation.Proceeds generate credit to Capital Dividend Account.

  • Insurance Plan Canada Portal., 10-1200 Derry Road East Mississauga Ontario L5T 0B3
  • +1 877 495 2525
  • +1 419 833 8533
  • +1 905 670 5488
  • info@insuranceplancanada.com