Creditor Protection and life insurance products.
Are your assets exposed to creditors?
Business ownership is risky - protect yourself.
Creditor protection is a benefit that makes life insurance products particularly valuable for clients. Originally created to protect a debtor’s dependants from financial destitution and becoming a burden on society, the notion has changed with Insurance Act revisions and Court rulings.
It’s equally important to make sure business owners understand the limitations of creditor protection.
There are circumstances under which it will not apply to savings products issued by life insurance companies, and even where protected under Common Law jurisdiction legislation could be denied under the Quebec Civil Code.
Complete the Contact Form to receive a complimentary report on how you can protect your assets from creditors.