Episode 41 – How life insurance fits into tax and estate planning for business owners

In this episode of From The Source, Frankie Loreto and Sarah Netley are joined by Hemal Balsara, Head of Tax, Retirement & Estate Planning at Manulife, to discuss the strategic role life insurance can play in financial planning. The conversation explores how life insurance can provide immediate liquidity, support estate equalization, fund tax liabilities, preserve wealth, and facilitate the transfer of assets between generations. 

The episode also examines the differences between term and permanent life insurance, the importance of planning early, and how life insurance can be used as a tax-efficient tool within both personal and corporate planning strategies. Listeners will gain practical insights into policy ownership, beneficiary designations, and key considerations for incorporating life insurance into a broader tax, estate, and succession plan.

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