In the event of a death of a key shareholder, proceeds of the corporate owned life insurance policy will flow through the Capital Dividend Account (CDA) tax free to purchase outstanding shares from deceased shareholder’s estate.
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Long-Term Disability Insurance for Independant Contractors
March 3, 2011
Independent contractors do not typically qualify for Long-Term Disability coverage on group plans.
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Business Insurance: Life Insurance in a Holding Company
December 22, 2010
Purchase a permanent life insurance policy in the client’s holding company and use tax free dividends rolled over from the company to pay premiums and fund the policy growth.