Since the arrival of COVID-19 our world has been in a constant state of uncertainty. Uncertainty about COVID-19, the stock market, our businesses. Uncertainty is a common catalyst for fear. When making financial decisions, fear clouds our ability to make the 'rational decision'. So how do the...
Read PostThe Entrepreneur’s Guide To Investment Life Insurance
Purchasing investment life insurance is a great way to invest in your future. At the bare minimum, it will allow you to provide for your family in the case of your death. It can also help you diversify your investment portfolio while increasing your asset holdings and minimizing tax...
Read PostBudget 2018: How the New Tax Rules for Corporations May Increase Your Taxes
In February, Canada's federal government released the Budget 2018, outlining the Liberal administration's economic agenda for the year. While this year's budget focused mainly on providing incentives for Canada's growing middle class, it also contained a number of changes that directly affect...
Read PostTop Reasons Why You Should Consider Life Insurance
Since her early twenties, Danica Patrick has driven a racecar for a living. She is the most successful woman in the history of American racing and became the first female NASCAR driver to win a NASCAR Sprint Cup Series. It’s a risky profession and she’s chosen to manage the risk, in part,...
Read PostJim Harbaugh’s Creative Compensation Agreement
University of Michigan and football coach, Jim Harbaugh, recently agreed to a very creative compensation agreement. It highlights yet another way you can use life insurance creatively as a tax-free form of compensation. In addition to paying him $5 million in salary, the University of Michigan...
Read PostWhy I Invested in Life Insurance and How to Use It
Clients often ask me if I have life insurance. When you look at life insurance as an asset class (not just a death benefit) and consider the tax and investments benefits, it’s a financial tool I strongly believe in, which is why I invest $42,000 in annual premiums into whole-life insurance, which...
Read PostHow To Use Life Insurance Creatively
How To Use Life Insurance Creatively When you mention the words life insurance, people’s attention starts to waiver, usually because most of us only know it as a catastrophic death benefit and very few people want to think about, much less plan for death. However, if you care about investment...
Read PostCorporate Owned Life Insurance
Corporate Owned Life Insurance is a financial tool that can be used in a number of smart ways to protect one of your greatest assets: your business! To start, you can use life insurance to protect: Business debts The loss of a key person in your company (a.k.a. Key Person...
Read Post