BUSINESS Risk

The death of a key partner could be very damaging to the continuity of your business. Purchase Life insurance that can manage the risks by;

 

Financing a Shareholders’ Agreement

Taking out Life Insurance to finance a shareholders’ agreement ensures tax-free payment of the capital required to purchase the shares of a shareholder who dies. The death benefit therefore prevents you from having to take out a loan to purchase these shares or to liquidate the assets of the business to settle the debts.

 

Insuring a Key Person

Taking out insurance on a person who holds a key position increases the financial security of a business. The life insurance benefit paid following the death of a key employee therefore covers the temporary revenue losses entailed while a replacement is being recruited and trained.

 

Legacy - Transferring the family business to the Next Generation

Insurance provides the necessary funds to cover the latent tax bill that comes when a family business is transferred to the children after the owner dies.



 

GUARANTEE Your Business Future

If you own a business, you may want to protect that business and any associated debts from the effects of an unexpected illness or death. Maybe you're interested in finding ways the business can continue in the event you lose a key employee or your partnership terminates due to death or illness.

 

We have strategies that will help;

 

Sole Proprietors

Partnerships

Corporations

 

For example, Legacy Capital can help you to:

 

Fund retirement compensation

Finance business opportunities

Guarantee bank loans

Attract and retain key personnel

 

Consider a Group Life and Health Insurance Plan for your employees. Whether you have a staff of two or 200, a Group Life and Health insurance plan can meet your needs as a business owner and provide comprehensive benefits for your employees.

 

In addition, review our Group RSP program so your employees can take advantage of tax savings and get a head start on investing for their retirement years.