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Authorized IBC Practitioners Kathleen van den Berg, Mary Chow Ivanovic and Michael Sidhu address the most frequently asked questions when it comes to Infinite Banking for Business Owners.

Kathleen van den Berg is a CFP, MBA, and Authorized IBC Practitioner. Mary Chow Ivanovic is a CPA, CGA, CPA (Del.), CGMA, CLU, and Authorized IBC Practitioner. Michael Sidhu is a CFP, FMA, RCIS, and Authorized IBC Practitioner.

Here's what you need to know:

00:00:00 Introduction
00:00:55 Advantages of Corporately Owned Life Insurance
00:02:09 Disadvantages of Corporately Owned Life Insurance
00:06:37 Structuring Life Insurance Inside a Corporation
00:12:27 Opco Versus Holdco
00:15:38 Tax Deductibility of Premiums
00:16:35 Strategic Uses For Cash Values
00:22:20 Selling Off The Business
00:27:42 Funding an IBC Policy
00:34:29 Is This For Me?
00:42:53 Final Thoughts & Next Steps

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IBCanada Group is not a company. We are a group of collaborating financial advisors. We are joined together by our knowledge and shared resources that we use to help our clients with taxefficient strategies to make their money grow.

We are authorized Infinite Banking practitioners and we work to pass our knowledge on to each of our clients to ensure they can attain their financial goals. Each of our advisors are dedicated to making sure you get the best options for wealth creation available, strategizing and working to get the best results possible for every client we work with.

Learn more at https://ibcanadagroup.com/

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Disclaimer:

Infinite Banking Canada Group (IBCG) is an association of independent Infinite Banking Concept (IBC) practitioners who have been accredited by the Nelson Nash Institute. IBCG cannot be responsible for the actions of its members. The opinions expressed in this material are not necessarily those of IBCG or the opinion of any one member associated with IBCG.

The views, actions, and practices of any one IBCG member does not reflect the views, actions, and practices of any other IBCG member, or IBCG as a whole.

All materials provided by Infinite Banking Canada Group (IBCG), including but not limited to, videos, graphics, text, images, materials, and other tools and resources, are intended for general information purposes only and should not be construed as legal advice, tax advice, or financial advice applicable to your particular situation. Please seek the advice and services of qualified professionals in those areas.

No advisorclient relationship is created unless and until a binding Letter of Engagement has been signed by both you and your licensed insurance advisor. Before taking any action based on this material, consider your personal situation and seek the advice of your team of professionals. Working with an IBC practitioner does not guarantee success or results.

For further information on IBC and how the Infinite Banking Concept works within the Canadian income tax act, please discuss with your accountant or visit https://www.canada.ca/en/revenueagen....