Now available on demand: Shared ownership and critical illness insurance

Submitted by Krishan on August 24, 2023 - 12:22pm

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Tax, Retirement, Investment, and Insurance Planning Strategies and Solutions

Shared ownership
and critical illness insurance

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Now available on demand:

Shared ownership and critical illness insurance

Critical illness insurance policies are often purchased under a shared ownership structure which may also be referred to as a split-dollar arrangement. Such shared ownership structures may take many different forms as the needs and objectives of the parties involved will determine not only the policy that will be considered by the clients but the structure of the shared ownership.

Which party will be the beneficiary of the critical illness benefits?
Who will be entitled to the return of premium benefits?
Or will all parties be beneficiaries of a percentage of all forms of benefits?

Establishing a shared ownership structure will require some work from advisors to provide guidance in the beneficiary and payer structure of the shared ownership. Attendees will learn about important tax issues concerning the allocation of premiums and benefits of critical illness insurance policies when a shared ownership of benefits is being contemplated. Case studies will help with understanding and application of this strategy.

CE credits: Pending
A quiz will appear after the webinar has been viewed.
This webinar is also available in French.

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Alexandre Papale
B.Sc., LLB

Manager, Tax, Retirement & Estate Planning,
Empire Life

Meet Alex

This webinar is part of our TRIIPSS series (Tax, Retirement, Investment, and Insurance Planning Strategies and Solutions) featuring Alexandre Papale. With our webinars, you become more knowledgeable on these subjects so you can better meet the needs of your clients and help them achieve their financial goals. Learn more >

FOR ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.

The information in this document is for general information purposes only and is subject to change without prior notice. Empire Life assumes no responsibility for any reliance made on or any inaccuracy in the information contained in this document. Policies are issued by The Empire Life Insurance Company.