Corporate Owned Life Insurance
A strategic financial tool for Canadian business owners. Corporate Owned Life Insurance protects your company, supports tax-efficient wealth planning, and funds business succession.
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Corporate-Owned Life Insurance (COLI) is a powerful financial planning strategy where the corporation owns the policy, pays the premiums, and is generally the beneficiary of the insurance proceeds. When the insured person passes away, proceeds are paid to the corporation. In many cases, these proceeds can be credited to the Capital Dividend Account (CDA), allowing a portion of the benefit to be distributed to shareholders as a tax-free capital dividend, subject to Canadian tax rules.
COLI serves multiple important business purposes: protecting against the financial impact of losing a key person, funding shareholder buy-sell agreements, accumulating tax-advantaged wealth inside the corporation, and supporting estate and succession planning. For incorporated professionals and entrepreneurs, it is often a cornerstone of a comprehensive corporate financial strategy.
Key person protection
Offset revenue losses, recruit replacement leadership, and stabilize operations if a key person passes away.
Buy-sell agreement funding
Fund partner buyout agreements cleanly — surviving partners retain control, family receives fair compensation.
Tax-efficient accumulation
Permanent life insurance cash value grows tax-deferred inside the corporation as a financial asset.
Capital Dividend Account
Death benefit proceeds can flow through the CDA, enabling tax-free distribution to shareholders.
Estate and succession planning
Provide liquidity for estate taxes, facilitate business ownership transfer to the next generation.
Business continuity
Protect the financial stability of the business and preserve its value through unexpected transitions.
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Licensed in BC, Alberta, Ontario & Nova Scotia • Powered by Experior Financial Group