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Creditor Insurance vs. Individual Life Insurance

How can individual insurance benefit a private corporation?
Capital Dividend Account
  • The Capital Dividend Account is a notional account that exists to allow tax-free amounts received by a private corporation to be distributed tax free to shareholders of the corporation.
  • Certain tax-free amounts, when received by a corporation, are added to its Capital Dividend Account.
  • The monies can come from many sources, including the death benefit of a life insurance policy.

Creditor Insurance

Individual Life Insurance

As you have probably concluded there are many variables to consider when deciding which type of insurance is best for you. Contact Jack to help you decide which type of insurance best suits you and your family’s needs.