Business Owners Access Retained Earnings From Your Company Tax-Free While Providing Required Health Protection
Canadian Business Spotlight on critical illness insurance.
Hear what Desjardins’ senior regional sales director has to say about must-have insurance for business professionals.
Executive Health Savings Plan (aka Shared Ownership Critical Illness Insurance)
The Executive Health Savings Plan (EHSP) is an innovative strategy that enables a business owner or key professional to leverage the benefits of critical illness insurance to manage health risk and provide a solid, risk-free return on investment to the client.
The EHSP is now the go-to strategy to meet the tax-efficient savings needs of professionals and business owners.
Who Is It for?
Incorporated business owners or professionals who have retained earnings in their company or holding company and have a long-term outlook for their company. This strategy allows them to access retained earnings from their company in a tax-efficient manner while providing required health risk protection for the company.
Infographic
Additional Resources
Sun Life Financial - Shared Ownership Critical Illness Strategy Details (PDF)
Desjardins Insurance - Client Brochure and Case Study (PDF) (Assumes 38 Year Old Male contributing $1,500 per month)
Contact Us
At Safe Pacific Financial, we specialize in helping Canadian business owners, incorporated professionals, and investors structure life insurance for maximum wealth protection, tax savings, and business growth.
If you would like to discuss whole life insurance or investments, we’re happy to chat and see if we can be a good fit to work with you. Fill out our contact form and we will get back to you within 24 hours on business days.
Related Insights
Episode 5 of the Infinite Banking Concept Series - Leaving a Legacy
Welcome to the fifth and final blog in our comprehensive series about the Infinite Banking Concept in Canada. Throughout these four previous blogs we’ve talked about...
Episode 3 of the Infinite Banking Concept Series - How Policy Loans work and what is the Adjusted Cost Basis?
Let’s look at a Whole Life Insurance Policy Illustration that's correctly set up for the Infinite Banking Concept. In this illustration with a Canadian life...
What is the Immediate Financing Arrangement?
Who is this for? We tell everyone that they shouldn’t set this up unless they want and need life insurance. If you have someone you...
Infinite Banking is a scam!
Is Infinite Banking as good as everyone says it is or are they scamming you? We’ll answer that today.
Should you invest using DCA or a lump sum?
So, what investment strategy is going to you the most money, dollar cost-averaging or a lump sum investment? I can’t see the future but based...
The Ten Commandments of Whole Life Insurance in Canada
There’s this great article titled “the ten commandments of whole life insurance” and it is linked if you want to read along. One thing that’s...
The Waterfall Concept using Life Insurance (in Canada)
The “Rockefeller” Method, or the Waterfall Concept. One of the main things we have to preface this with is that in the United States, this...
How can a Canadian business owner use life insurance to fund major purchases?
Today, allow us to shine a light on the infinite banking concept through the lens of a case study —showcases how an entrepreneur, used this...
You can now invest with us!
We have got a big update for you today – a brand new offering from us at Safe Pacific.
The Infinite Banking Concept Episode 4 – Infinite Banking is a Scam
In today's blog, we'll go over the main reasons given for why the Infinite Banking Concept is a scam. We'll be going over why people...
The Wealth Multiplier Podcast - Wealth and Legacy: A Deep Dive with Vince Cardella
In this episode of The Wealth Multiplier Podcast, host Laurent Munier of Safe Pacific Financial sits down with Vince Cardella, Principal of Strategic Wealth Planning...
RRSPs for Canadian Business Owners, should you invest?
You have two main options: keep the funds inside the corporation or withdraw and invest personally. Today we’re going to go through these 2 scenarios...
