Estate Freeze and Life Insurance

This presentation discussed the estate freeze concept in life insurance, emphasizing its role in business succession planning. The presenter highlighted that 50% of Canada's 7 million private-sector jobs are from family-owned businesses, with 60% expected to transition to the next generation in the next 7-10 years. The presenter explained how estate freezes help minimize tax liabilities by freezing the present value of a business and transferring future growth to the next generation. The presenter used a case study of Noah, a manufacturing business owner, to illustrate how life insurance can cover tax liabilities and ensure fair inheritance among children. The presenter discussion also covered the importance of understanding family dynamics and the need for comprehensive planning.

Presentation Preview:

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How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 General credit * MFDA - 1 Professional Development credit (in bundles) * Advocis - 1 IAFE Approved credit * CSI - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Estate Freeze and Life Insurance
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Mike Liem

Mike Liem has been working in the Financial Industry since 1997. He began his career in the Banking Industry working for Scotiabank and CIBC, where he held roles such as Bank Manager, Small Business Manager and Financial Advisor. Mike has worked in the Insurance Industry since 2009, as an Insurance Advisor and Business Development Manager for another large Insurance company, Desjardins. He joined Canada Protection Plan, a Foresters Financial Company in 2014 and spent 9 years there as the Regional Vice-President for Ontario. Mike has recently joined Empire Life and continues to help Advisors and their clients find the right solutions and strategies to suit their ongoing needs.