A key objective of an integrated wealth plan is planning for business succession. Your Business interest is a substantial portion of the wealth you have accumulated...

You as a business owner and other key executives in your management team spend considerable time and effort to make you and them valuable to the business...

You, as a business owner, may need a bank loan to run the business. Your bank may require your business to purchase collateral life insurance to protect its interests...

If your business has accumulated a significant amount of retained earnings over the years or owns extensive tax deferred investment vehicles, such as extensive investments in real estate properties, a tax liability may arise in the form of capital gains due to a deemed disposition of  business shares owned by you or another shareholder at fair market value. If funds or other assets are not available to pay the tax liability, business assets may have to be sold, possibly at a price below the fair market value...

You may invest your business surplus cash in GICs, mutual funds, bonds, stocks or other taxable investments. These taxable investments may not be the business’s best investment option due to the very high corporate tax rate on passive income...

Life insurance can meet a dual need experienced by many businesses. It’s common for one party within a business to need financial protection while another party needs a tax-sheltered investment vehicle...