Jayson Lowe explains how infinite banking policies can be owned by LLCs in the US, with premiums paid by whoever provides the capital. In Canada, corporate-owned policies skip passive investment income taxes, making them appealing for business owners managing surplus capital.
"Can the policies be done under LLCs?" Absolutely. So in the United States of America, if you have an LLC, you can absolutely have a policy, you know, purchased by and the premiums paid for by, you want whomever has the capital to pay the premium. So a lot of entrepreneurs, they have holding companies in place that own the contracts. And if you're up in Canada, the distinction there would be that corporate-owned policies are exempt from the passive investment income tax rules. So corporate owners, business owners in Canada, they catch this very quickly and they don't want surplus capital subjected to passive investment income tax rules.
