Wealth Protection Insurance , Waterloo Ontario
Life insurance isn't just protection , it's one of Canada's most powerful, tax-efficient wealth tools. Discover how permanent insurance strategies can shield your estate, grow your assets, and secure your family's financial future.
Strategies
Permanent life insurance is a cornerstone of sophisticated financial and estate planning in Canada.
Permanent life insurance passes a tax-free lump sum to heirs , bypassing probate and preserving your estate's full value for the next generation.
Universal and whole life policies build cash value that grows tax-deferred. Access it through policy loans with no tax hit.
Key-person insurance and buy-sell agreements funded by life insurance protect your business from the unexpected loss of a partner or critical employee.
Name a charity as beneficiary or use life insurance to make a significant gift while claiming the donation tax credit during your lifetime.
Who Benefits
Protect your business, fund buyout agreements, and reward key employees with tax-efficient insurance strategies.
Shelter surplus income from taxation using permanent life insurance as a tax-advantaged asset class.
Ensure your heirs receive your intended legacy , not a reduced, probate-depleted version of it.
Lock in low premiums for children or grandchildren today with whole life policies that build lasting cash value.
The Insurance Advantage
Unlike RRSPs and TFSAs, permanent life insurance has no annual contribution limits for its cash value component. High-income earners often use it as an "overflow" account once registered accounts are maxed out.
The death benefit is paid tax-free to your beneficiaries , completely outside of your estate , bypassing probate fees and executor delays that can tie up other assets for months or years.
For business owners in Waterloo Region, corporate-owned life insurance can transfer retained earnings out of a corporation at a fraction of the normal tax cost , a strategy known as the "capital dividend account."
Glenn Stewart works with families and business owners across Kitchener-Waterloo to design insurance strategies that protect and grow wealth. Book a no-obligation consultation today.
Serving Kitchener, Waterloo, Cambridge, Guelph, and Brantford. Response within 24 hours.
Get a Free Quote →