• Capitalize on the Capital Dividend Account (CDA): Receive potentially tax-free dividends.

• Fund Buy-Sell Agreements: Facilitate smooth transitions between partners.

• Protect Against Key Employee Loss: Cover the loss of individuals with specialized skills.

• Secure Business Loans: Ensure loan approval with life insurance on the business owner.

• Manage Capital Gains Liability: Address liabilities arising from shareholder interest distributions to designated beneficiaries.

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Advantages of Whole Life or Universal Life Insurance

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Once a significant cash value has accumulated, a third-party line of credit can be established to:

• Access Emergency Funds: Provide a source of cash for unforeseen expenses.

• Supplement Retirement Income: Offer tax-advantaged income for key employees and owners.

• Explore New Business Opportunities: Fund growth and expansion initiatives.

• Cover Operational Expenses: Support ongoing business needs and expenditures.​

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Discover how life insurance can be a strategic tool for your business's financial planning and growth.