The benefits of life insurance shares

To help you gain a clearer picture on the benefits and also potential complications of purchasing insurance on the lives of shareholders, Chartered Professional Accountants of Canada (CPA Canada) is providing you with easy access to this informative article on the topic by Grant Thornton LLP.

Many corporations purchase insurance policies on the lives of their shareholders and name themselves as the beneficiaries. It’s a strategy that offers many advantages to corporations, but if not carried out correctly, it can pose risks.

Gain clarity on this topic so that you can protect your corporate clients by reading “The benefits of life insurance shares.” Published in the organization’s November 2013 Wealth preservation update, it explains how life insurance shares can help corporations avoid unintended negative tax consequences.