Business Life Insurance

Permanent life insurance continues to gain traction in Alberta—especially among business owners, incorporated professionals, and families who want long-term financial stability. But beyond simply choosing a policy, how you fund it dramatically changes the benefits you receive. This Alberta-focused guide explains how funding works, the advantages of permanent insurance, the costs involved, and how today’s interest rate environment compares to the high-interest decades of the p

Key person insurance (sometimes called “key man insurance”) is a life or disability insurance policy that a business takes out on an essential employee—someone whose loss would threaten your revenue, stability, or ability to operate. If that individual dies or becomes disabled, the insurance company pays a lump sum directly to the business. What’s in it for you? You get financial breathing room when everything feels like it's falling apart. You protect your cash flow so payro

Why Life Insurance Isn’t Just for Families Most people think of life insurance as something you buy to protect your family — but it can also protect a business. For many Alberta corporations, life insurance is a smart financial tool that supports stability, growth, and long-term planning. When a business owns life insurance, it’s called corporate-owned life insurance (or COLI). The company buys and pays for the policy, and the business — not the individual — is the beneficiar

When you run a business, you put in a lot of hard work and dedication. However, have you considered what would happen if you weren't able to be there? Whether due to illness, an accident, or even retirement, it is crucial to think about how your business would continue without you. This is where having a strong insurance and succession plan becomes essential. In this article, we will explore the importance of having a plan in place and how insurance can help protect your busi