Business-Owned Permanent Life Insurance
What is business-owned permanent life insurance?
It’s insurance that gives you permanent business protection and converts your retained earnings into tax-free growth.
How does it work?
- Your company pays the premiums.
- The life insurance is paid tax-free to your company.
- Your company receives a credit to its capital dividend account, allowing for tax-free dividends to be paid out of your company.
- Provides a stable investment that grows tax-free inside of your corporation which you can access at any time.
- You can pick a specific amount of insurance that covers your needs.
- Your life insurance does not expire.
- You can pay monthly, annually or with an IFA.
- Depending on your age and health, you may be able to get instant approval without providing medicals.
What types of business-owned permanent life insurance are there?

Business-Owned Whole Life Insurance
- Whole life insurance does not expire
- Guaranteed cash values that grow tax-free
- Ensure your family receives the money they need
- Ensure your estate has liquidity for taxes and immediate needs
- Convert retained earnings into non-taxable growth
- Flexible payment options

Business-Owned Universal Life Insurance
- Universal life insurance does not expire
- Guaranteed cash values on some policies
- Flexible and diverse range of investment options
- Ensure your estate has liquidity for taxes and immediate needs
- Flexible payment options