Legislative changes that affect Canadian life insurance policies take effect January 1, 2017. Many insurer deadlines are just around the corner and it’s important for you and your clients to take action now before it’s too late.
If you have clients who are considering making changes to an existing policy or the purchase of permanent insurance, speak to them now to discuss the potential benefits of taking action as soon as possible.
Use PPI Toolkit’s Changes to the Taxation of Exempt Policies applet to illustrate three key areas that should be considered by your clients:
- Fund Value Accumulation
- Capital Dividend Account Credit
- Collateral Insurance Deduction
Share the article below to help your client understand the importance of taking action today.