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Category: Insurance

How To Calculate How Much Life Insurance You Need

Do you ever wonder if you have enough life insurance or if you’re properly covered? If so, you’re not alone. One of the most common questions we are asked by our clients is whether or not they have adequate life insurance coverage. In this article, we’re going to help you answer this question, and provide some guidance on how to calculate how much life insurance you need.  Why you should have life insurance If you’ve never purchased a life insurance…

Calculate Life Insurance Needs | Ocean 6 Wealth Advisory

Creating An Effective Insurance Strategy

Insurance gets a bad rap, but that is often due to a misunderstanding of its overall benefits and not because it isn’t valuable. After all, nobody truly wants insurance, what we want is the significant benefits it can provide. Our newest episode explores the importance of having an effective insurance strategy as a valuable piece of your financial plan. We discuss the purpose of insurance and why you might need it, how to best structure your insurance using your corporation…

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Purchasing Insurance Through Your Corporation

One of the things we help entrepreneurs with when looking at their financial plan is how they can effectively structure their insurance strategy. The biggest challenge with owning insurance personally is that you’re paying for it with dollars that have been taxed at a significantly higher rate. If you have a corporation, you definitely want to own your insurance inside of your corporate structure. You’re paying tax on earnings inside the corporation at 13.5%, which gives you a significantly higher…

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