There are five reasons clients use participating whole life as an asset class.
- Tax free growth. Similar to an RSP, funds inside a participating whole life policy grow tax free.
- Performance. Once dividends are paid, the increased cash value and death benefit value are guaranteed. The current dividend interest rate is updated annually.
- Asset allocation. Participating whole life portfolio is well recognized for its asset allocation.
- Guarantees. With participating whole life, every year you get a policy statement the cash value and estate benefit value are guaranteed. Unlike stocks, bonds and mutual funds which fluctuate year by year, once dividends are paid, these values are vested.
- Estate issues. Life insurance is paid tax free to your corporation and tax efficiently to your heirs.
√ YES, I WANT WHOLE LIFE INSURANCE
Watch this video to understand how your corporation can use life insurance as an asset class
Levine Financial Group has worked with 19 Ontario Medical Associations and Hospitals where we negotiated a discount of 25% on disability insurance, 10% on critical illness insurance, cost savings on term life insurance.
Saving you money on your insurance
