![]() ![]() If a medical emergency prevents you from calling before receiving treatment, we ask that you (or someone else on your behalf) call Allianz Global Assistance 1 at the earliest opportunity. RBC Royal Bank receives compensation for distributing this insurance coverage. Note: If international operator assistance is required please determine how to call collect to Canada from your particular destination before leaving. Have Your RBC Royal Bank credit card number available This Certificate of Insurance is a valuable document. If you need help during your trip for a medical or other travel emergency, help is available 24/7. Every day, you make crucial business decisions affecting the financial health of your business organization.Getting Medical or Emergency Assistance While Travelling Making the right financial decisions is a big responsibility – and we can help.Īnd you know how important it is to have the best possible services and products to help effectively manage your finances. Some of the best opportunities for small corporations, including holding companies, come from using tax-exempt life insurance. ![]() It is a tax-efficient means of transferring wealth out of a corporation into the hands of the next generation when you pass away. We can provide you with access to a vast array of products and services geared towards the needs of businesses and corporations. We have access to a wide array of business protection strategies: Funding buyout agreements An important part of preparing your business for continued success is to prepare it for the unexpected. In the case of partnerships, the death or disability of one partner can have a devastating effect on the survival of a business. Insurance can provide an excellent method of funding buyout agreements so that the remaining partner takes full control of the business and the surviving family is properly compensated. #Rbc home protector insurance contact full# Shared ownershipįor companies that wish to retain top employees, the shared ownership of a permanent insurance policy can be an attractive opportunity. It protects the company against the death of the employee, and motivates that person to remain with the firm through the enticement of an attractive, low-cost retirement asset. This arrangement can create a win-win situation for everyone. If corporate assets are invested in fixed income, then an insurance strategy can not only reduce its taxable income but it will lower the value of the business by the amount of the investment, thereby reducing the inevitable capital gains tax liability. Maximizing corporate assetsīy taking advantage of tax-deferred growth inside a Universal Life or Whole Life policy, corporate assets can avoid accrual taxation and grow to a much greater value than if they were invested in a regular account. Not only that, but upon death, most, if not all, of the proceeds can be paid out of the corporation tax-free. Ordinarily they would be paid out as taxable dividends, requiring approximately one third of the value to be paid in taxes. ![]() Executive life insurance planningĮxecutive life insurance enables you to provide managers and executives with a supplementary benefit package. In this instance, both you and your executive purchase a tax-exempt life insurance policy with your executive named as the insured. This form of insurance provides protection for an executive's family, while you benefit from an investment offering tax-deferred growth.
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