Business Continuation - To provide funding to assist in orderly transfer of business ownership, in the case of an owner's death - life insurance guarantees that the business is transferred as intended.

Business Insurance - Key Person, Executive Bonus, Split Dollar, and Deferred Compensation funded with life insurance.

Estate Taxes - Under current tax law life insurance can provide liquidity at death to pre-fund the estate tax liability. This may not be necessary if the Estate Tax is permanently repealed.

Charitable Giving - A charitable-minded client may leave a gift to a favourite organization, without significantly reducing the size of the estate by using the death benefit to replace the value of the property gifted to heirs.

Equalizing Inheritance - provides additional liquidity to assist in providing each child with equal shares of their parents' assets.

Income In Respect of a Decedent - People die owning assets that have not yet been taxed; these taxes then become the obligation of the beneficiary. Life Insurance provides liquidity to assist in the payment of these taxes.

Second Marriages - There can be conflict when a parent with children remarries. Life insurance on the parent provides the new spouse financial security from the insurance coverage. And at the same time allowing the children to receive the parent's estate immediately. This can avoid unwanted animosity between the children and the new spouse and allow them to live in harmony.

David Nian