Critical illness insurance for businesses

Some insurance products are specifically designed to protect an incorporated company from the consequences of a critical illness striking a company owner or shareholder. Also available for key employees who may not be shareholders*, such products can provide coverage that offers both tax efficiency and financial benefits.

Here’s an overview of these “executive health plans.”

*Note: if the employee is not a shareholder, the tax authorities may deem the payment of the health benefit to be a taxable benefit received from employment. As the determination of the value of this benefit is a question of fact, clients should seek independent tax advice in this regard.

Si vous avez vous-même des hésitations lorsque vient le temps de placer votre argent, il peut donc être rassurant de savoir que ce sentiment ne vous est pas exclusif. Sachez cependant qu’il est possible de mettre en place une stratégie qui conciliera votre niveau de tolérance au risque et vos besoins financiers à long terme. Parlez-en à votre conseiller.