Reasons for LLCs to Own Life Insurance
LLCs can own life insurance to protect family, company, and employees from debts and costs if owners pass away.
Tax Benefits for S Corp Owners
S Corp owners can benefit from tax savings when businesses pay for or reimburse their health insurance premiums.
How Your LLC Can Pay for Health Insurance
Small business owners can explore options for having their LLC pay for health insurance, considering legal and regulatory considerations, tax benefits, and practical strategies.
Using Business Insurance Wisely
Businesses can own whole life insurance policies to provide coverage for shareholders and employees, with mechanisms for tax-free payouts.
Advantages of Participating Whole Life Insurance
Equitable Life of Canada offers participating whole life insurance policies that can grow tax-sheltered without counting toward passive income limitations, benefiting business owners.