10/29/2026
Business Insurance and Corporately-Owned Life Insurance: Do You Know the Difference?
As a business owner, you've probably thought about protecting your business. But have you considered how life insurance might fit into your corporation's financial planning?
Business insurance generally helps protect against risks such as property damage, liability, or interruptions to operations.
Corporately-owned life insurance is different. It is a life insurance policy owned by a corporation and may be used for certain business protection or financial planning purposes.
It's not the right solution for every corporation. The benefits, costs, tax considerations, and policy structure all matter.
Here's a question worth asking yourself:
Does your corporation have the protection it needs, or are there areas of your financial plan you haven't reviewed recently?
If you're an incorporated business owner in Newfoundland and Labrador and would like to discuss how corporately-owned life insurance may fit into your financial planning, please contact me to arrange a consultation.
Visit: https://marina.thelinkbetween.ca
