Protect the Continuity of Your Business

With so many people counting on your business, it is crucial to have a succession plan that can help your business survive the death or disability of an owner, partner or key person.

Such a critical situation could have a severe and adverse financial impact on your business and all the people you care about.

Why consider Life or Living Benefit Insurance:

  • Making sure that you have an income even if you or your business are no longer able to generate one due to disability.
  • Providing dollars needed to maintain the day-to-day expenses of your business during a disability leave.
  • Eliminating debt and the retirement of corporate loans which have been personally guaranteed by the owner.
  • Insuring that your business has enough money to survive the death/disability of a key person.
  • Funding a buy-sell arrangement.
  • Providing capital.
  • Utilizing the estate to equalize non-active members of the family.
  • Solving the tax liability that arises in death.
  • Retrieving an asset such as shares donated to a charity or family foundation.
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Business Succession Planning

During the next two decades, some trillion dollars of net worth concentrated in the older generation in Canada will change hands from one generation to the next. Much of this wealth is held in the assets of businesses.

Why consider Business Succession Planning:

  • Answer questions pertaining to choosing the right successor, income, personal guarantees, wills, power of attorney, shareholder agreements, valuation, taxes, and more.
  • Achieve the changing of the guard in a smooth harmonious and equitable fashion.
  • Provide solutions that will help your business prosper while preserving and protecting what you have built.
  • Consider exit strategies that must be provided when a dispute cannot be resolved.
  • Minimize capital gains tax liability on the death of the owner.
  • Insure sufficient liquidity to fund the transfer of assets.

You have excelled in managing the growth of your business, which has taken time, effort and talent to build. Do not leave its succession to chance. The time to plan for the future is today.

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Corporate Benefit Strategies

“A company is an organic entity in many ways made up of various parts which need to work in harmony to be successful……………... The energy of keeping a company growing and successful must be a two way street where the company gives back to those who contribute to its success.” – David Gellman

Benefit Strategies Designed for You
Corporate benefits have become a major component of employee compensation. In order to retain your employees, we assist you in developing an optimal group insurance portfolio and intelligently managing your risks in order to ensure the future of your organization.

Tools to Retain Your Resources
In a competitive environment that will have a considerably smaller pool of employees to select from over the next 10-15 years, you need to have an attractive global offer that includes benefits as well as a healthy environment.

Understanding Your Needs
Using an exclusive consulting process, we start with an in depth study of your business situation which allows us to:

  • better understand your core values and management style,
  • clearly identify your objectives as they relate to your business plan,
  • examine your current strategic plan to determine the possible gaps and the possibilities of improvement.

Why consider Corporate Benefits:

  • Retain and attract your employees so you are an employer of choice.
  • Mitigate both short and long-term health risks.
  • Provide flexibility and ensure your key employees are treated fairly and equitably.
  • Improve the health and attitude of your employee.
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Executive Benefits in the Marketplace

Executive groups are your company's brain trust. They tend to put in more hours, are responsible to make the most difficult and important decisions, and yet often have the poorest level of benefits. Most group benefit plans do not provide adequate protection to your key employees.

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International Success

Whether your key employees work at home, abroad or are foreigners who work in Canada, we will assist you in offering them balanced and efficient protection while taking into account the regulations in place in the countries concerned.

Our expertise in international health care solutions allows you to offer comprehensive protection at home and abroad.

Why consider an International Corporate Benefits program:

  • You want your international employees and their families, to benefit from rapid and efficient access to appropriate healthcare services in their own country.
  • Your current Canadian benefit program does not apply in the U.S. American brokers do not fully understand Canadian benefit plans thereby making it difficult to mirror it. In the U.S., employment and insurance regulations differ from state to state and present a level of complexity. In addition, the different tax rules in each state affect the value of the benefits you offer your U.S. employees.
  • Your employees on foreign assignment (expatriate) for a period of six months or more no longer qualify for healthcare benefits under the Canadian healthcare system.

 

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