Dave Chisholm Insurance & Consulting


Consulting Life Tax Free General Insurance Corporate Leveraging Testimonials	Universal Life Insurance Dave Chisholm Insurance specializes in insurance products for: •Corporations •Executives •Individuals •Family Estate Plans
	Life Insurance for the Living Universal life is divided into two parts - A basic insurance policy that will pay a stated death benefit so long as basic premiums are paid and an investment account. You are allowed to put more money into this policy than is required for the basic death coverage, and that additional sum goes into a tax-free account, just like an RRSP. Within that account, you can elect to invest in just about any kind of asset you want from fixed income bonds to high octane index or equity growth funds. Upon retirement, you can use all the accumulated cash inside the plan as collateral at the bank to receive a loan paying you income for the rest of your life. The most outrageous aspect of this plan is that because the money is flowing from the proceeds of a life insurance policy, the retirement income is tax free. You can also roll it over inside your estate on a tax advantaged basis. "Garth Turner" TOP
	Corporate Leveraging The Need To augment retirement income To transfer wealth to heirs Insurance for corporate debt, key person protection of business succession planning How it works A Leveraged Deferred Compensation Program ("LDCP") is a unique plan that is designed to augment retirement income. Using this concept, the cash flow is deposited by a corporation into an exempt Universal Life contract. The policy's cash values grow on a tax sheltered basis as long as the policy remains exempt. When the shareholder decides to retire, his or her company collaterally assigns the policy to a financial institution for a series of tax-free personal loans. The interest on the loan is effectively capitalized, so no funds actually come out of the client's hands until he or she dies. At death, the policy's death benefit effectively pays off the loan from the financial institution (and capitalized interest). Since the policy is never actually surrendered, and since the loan is obtained from a third party financial institution, no taxable disposition occurs. Target Audience Business owners and high net worth investors. TAX FREE INCOME Contact Us TOP
	Testimonials "My brother and I purchased a Universal Life Insurance Program from Dave Chisholm and Eric Langille and we have been very happy with their service and the program's performance. Dave Chisholm has been our Insurance Broker for over 30 years." Danilo Gasparetto, President Cherubini Metal Works Ltd and Cherubini Group of Companies Burnside Industrial Park TOP