Insurance / Tax Minimization / Asset Protection
Insurance Planning for the High Net Worth Investor
It is a common notion that insurance strategies at their most fundamental level are about managing risk and protecting against future financial loss; that, for the main-stream investor, insurance serves the purpose of protecting debt, a mortgage, a child’s education, or to care for loved ones after they die. And it is a fairly common belief that high net worth investors do not need insurance for such purposes.
As a high net worth investor, you may be surprised to learn that insurance solutions have a place in your investment strategy and your overall financial plan as well. Regardless of market performance and accumulated wealth, most people would rather leave more of their hard earned wealth as a legacy and less to the Canada Revenue Agency. Insurance solutions can play an integral role in ensuring that your net worth is preserved during your lifetime and, at death, lessen your tax liability and help to transfer your wealth as efficiently and effectively as possible.
Insurance solutions are ideal to safeguard the value of your assets in a tax-efficient manner. Tax-exempt life insurance shares certain characteristics with other types of investments, however no other asset allows for all of the following…
Caring for your Health
One of the great advantages of modern technology is an increased longevity as well as allowing more people to survive once fatal medical conditions. However, the unfortunate reality is that many survivors must bear a heavy financial burden for medical treatment, health care,
and maintaining quality of life. Your health could actually have a greater impact on your savings than the performance of the market. Fortunately, there are solutions that can help address these issues.
Create a Legacy
While assessing your plan for retirement and beyond, one element you’re likely considering is the legacy you will leave your loved ones.
The key to effective estate planning is to minimize estate tax and maximize the amount of wealth that is transferred to the next generation. But how? Life insurance offers a unique approach.
Charitable Giving Strategies
Charitable giving is an important priority for many Canadians. Giving reflects our values and commitment to make a difference in the community – or around the world. There are ways, however, to help more by employing tax-effective giving strategies.
The Corporate Insurance Audit
A complete corporate insurance Audit will give you an understanding of any possible gaps in order to address your financial needs and goals – whether for yourself, your shareholders, or your business.