How much life insurance can $1,000,000 buy you?
Why would someone need this much?
What are the living benefits of a whole life policy?
All this and more is answered in this video.
0:00 Overview of video
0:40 How much insurance can you get?
1:50 How long do you pay for?
3:40 Corporately-paid for
5:20 Tax-free transfer out of corporation
6:56 Living benefits of this policy
10:12 Payment flexibility
Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
Anchor: https://anchor.fm/michael-dutra
www.michaeldutra.ca
https://www.linkedin.com/in/michaeldutra
#taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.