What is Guaranteed Issue Life Insurance?

Guaranteed Issue life insurance is a type of life insurance policy where acceptance is literally guaranteed.  However, there may be restrictions for the first 24 months of the policy. For example: it may only pay for an accident for the first 24 months, after that the policy would pay for any cause of death. This might sound ideal, but it comes at a price, literally. This means if you are considering this type of policy, be absolutely sure that it’s truly your best option. An advisor may be able to save you substantially on your premiums with a more traditional form of life insurance, and get you better coverage in the process.

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Protecting your business for the future
Why do we need a buy-sell agreement?

A buy-sell agreement sets out the terms under which the interest of the disabled or deceased shareholder will be sold. It also contains provisions for the transfer of ownership when you retire. As well, if properly funded, the shareholder’s family will receive fair market value for the shares. Thus, providing them with capital to help maintain their standard of living. Funding your Buy-Sell agreement with a Life Insurance policy may be right for you.

A properly Life Insurance funded buy-sell agreement can:

• Assure creditors that funds will be available to pay bills.
• Assure existing employees that the company will have the means to continue
• Ensure a market for each shareholder’s interest in the business
• Set the terms under which you and your fellow shareholders agree to buy and sell each others’ interest in the business
• Ensures surviving shareholders have the necessary funds required to buy out the deceased shareholders interest
• Provide for your family in time of need.

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Inheritance With Tax-Advantage Life Insurance

Are you thinking about leaving an inheritance for your children and grandchildren? You’ve worked hard to achieve a degree of financial success and have set aside non-registered investment funds. These funds are an inheritance for an adult child or a grandchild. You don’t want the tax burden and probate fees to reduce the legacy. Although you’re unlikely to ever need the money yourself, you’re concerned about the safety of your investments. This means you want access to the funds should your circumstances change. Also, you’re in a high marginal tax bracket and are frustrated with paying significant annual taxes on the growth of these assets.

Set Up Tax-Advantage Life Insurance as Inheritance

Purchase a tax-advantaged permanent life insurance policy with your adult child as the life insured and the designated contingent owner.

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