(778) 382-2934
Corporate-Owned Life Insurance in Vancouver, BC
Protecting your company’s financial future starts with smart planning. At Camlife Financial Corp, we help business owners secure corporate-owned life insurance solutions that safeguard shareholders, key employees, and long-term business value. Whether you’re planning for succession, funding a buy-sell agreement, or building tax-efficient wealth, corporate life insurance in Canada offers a powerful financial advantage for your business.
What Is Corporate-Owned Life Insurance?
Corporate-Owned Life Insurance (COLI) is a life insurance policy owned by your corporation rather than an individual. The company pays the premiums and is typically named the beneficiary. In the event of the insured’s passing—often a shareholder or key executive—the death benefit is paid directly to the corporation.
This strategy helps protect the business from financial disruption and provides liquidity when it’s needed most.
Want to understand other coverage options too? Explore our Life Insurance in Vancouver BC page to see all plans we offer.
Why Businesses Choose Corporate-Owned Life Insurance
Protect Key People
Your leadership and top talent are your greatest assets. Business life insurance in Vancouver ensures the company has funds to cover losses or recruit replacements in the event of a key person’s passing.
Fund Buy-Sell Agreements
COLI policies can fund buy-sell agreements between shareholders, allowing smooth ownership transition without draining company resources or personal assets.
Tax-Efficient Planning
The corporate insurance planning BC businesses rely on often includes COLI because the policy’s death benefit is generally received tax-free. It can also build cash value within the corporation, providing future investment flexibility.
Estate and Succession Planning
Protect your legacy and provide financial security to your family and business partners. Corporate life insurance can be a cornerstone in ensuring your business continues smoothly after you’re gone.
Types of Corporate Life Insurance We Offer
Whole Life Corporate Insurance
Provides lifelong protection and guaranteed cash value growth ideal for stable, long-term corporate planning.
Universal Life Corporate Insurance
Combines protection with investment flexibility, allowing your corporation to adjust premiums and benefits as needs evolve.
Term Corporate Life Insurance
Affordable, straightforward protection for specific business purposes like loan coverage, short-term contracts, or project funding.
How Corporate-Owned Life Insurance Benefits Your Company ?
- Tax-Free Death Benefit: Proceeds are generally received tax-free by the corporation.
- Cash Value Accumulation: Build investment value inside your policy.
- Enhanced Creditor Protection: Assets may be sheltered from creditors.
- Succession Confidence: Ensures continuity for partners, employees, and clients.
- Flexible Planning Tool: Integrate with retirement, compensation, and estate strategies.
Why Work with Camlife Financial Corp ?
As independent financial advisors in Vancouver, we’re not tied to any single insurance provider. We compare corporate life insurance Canada options from leading carriers like Manulife, Canada Life, Sun Life, and RBC to find the right fit for your business goals.
We’ll help you:
- Structure your policy for maximum tax efficiency
- Align coverage with your business valuation
- Ensure compliance with CRA rules and reporting requirements
- Create a seamless strategy for ownership transitions
Get Expert Advice on Corporate Insurance Planning in BC
Protect your company’s legacy with confidence. Speak to a Camlife Financial Corp advisor today to learn how corporate-owned life insurance can strengthen your financial strategy.
Call: (778) 382-2934
Email: casey@camlife.ca
Office: 201 – 439 West Broadway, Vancouver, BC V5Y 1R4