Life Insurance & Living Benefits Life Insurance provides:
Estate tax needs
Tax deferral opportunities
Buy/Sell shareholder and partnership agreement funding
Key person insurance
Income replacement for family needs.
Living Benefits: describes a group of insurance products that pay a benefit to the insured while alive:
Long Term Care Insurance
Long Term Disability Insurance
Critical Illness Insurance
Long Term Care Insurance
*Best Doctors® Insurance Global Medical Care™:
* Access the finest healthcare at Centres of Excellence around the world with a $5 million lifetime fund to cover treatment costs. Group Benefits: Our services include:
Renewal rate analysis
Canadians are living longer than ever before and facing a greater responsibility to fund their retirement. Saving and building a “retirement nest egg” for the future is becoming more important. However, many people are not saving enough to maintain their desired standard of living throughout their retirement. In retirement, most people have a reduced income since they are no longer working. It’s important to think about how much you will need to retire comfortably, whether you will be relying on a reduced income, and whether that will be enough. Since we’re living longer and our life expectancies continue to increase, our retirement savings will be stretched further. To help yourself prepare for a comfortable and sustainable retirement, you will need to plan your retirement carefully. The earlier you start planning; the more options you will have. With proper planning, you can save enough for the standard of living or lifestyle you want in retirement. At Henley Financial and Wealth Management we will help guide you through the process to achieve the optimized retirement you desire.
Registered Retirement Savings
Tax Free Savings plans
High Interest Savings Accounts
Estate and Investment Strategies
Minimize tax liabilities at death Distribution of wealth and property
Life insurance is an integral part of the process. A properly structured life insurance plan provides the funding to the estate or holding company to meet estate tax liabilities, fund obligations, provide funds to replace lost income and/or enhance the intergenerational transfer of wealth.
Alternative investment to low risk low yield, highly-taxed investments like bonds, GICs , etc.
The unique tax treatment of Life Insurance policies under Canada’s Income Tax Act make it a key component in Succession Planning. Used as Investments: