event_availableUpdated
Protect the business if an owner or key employee dies or falls ill.
Key person insurance is life or critical illness coverage the business owns on someone whose loss would hurt revenue: an owner, a top salesperson or a technical lead. The benefit helps the business recruit, repay loans or reassure lenders and clients.
Buy-sell insurance funds a shareholder agreement, so surviving owners can buy a deceased owner's shares and the family receives fair value. Corporate-owned policies have tax considerations, so involve your accountant.
Or call +1 877 610 6554 · Monday to Friday, 9 a.m. to 6 p.m. ET
Who it’s for
Coverage
Pays the business if a key person dies.
Pays after a covered serious illness.
Funds the purchase of a deceased owner's shares.
Coverage assigned to lenders.
Before you buy
check_circle
Every request is matched with an advisor licensed in your province who compares insurers for you, explains the fine print and handles the application. No cost to you and no obligation to buy.
Learn before you buy
Term life gives the most coverage per dollar for a set period, while whole life covers you for life and builds cash value at a much higher price. Here is how to decide.
Read guide arrow_forwardPermanent residents can usually buy life insurance much like citizens, and many work-permit holders and students can qualify too. Here is what insurers look at and how to prepare.
Read guide arrow_forwardMost Canadian families need enough life insurance to clear debts, pay off the mortgage, replace several years of income and fund education. Here is how to add it up with the DIME method.
Read guide arrow_forwardWe use first-party analytics cookies to understand which guides help Canadians most. No ads, no selling data. Privacy
