Richard Canfield explains how corporate insurance can generate tax-free dividends. By placing someone on payroll at $274 a day, you build guaranteed daily cash value to cover a $3 million tax obligation. Dividends from a mutual carrier operating since 1936 stay tax-free if structured correctly.
Chapters
You put me on your payroll for $274 a day, and someday I'm going to pay your company a minimum of 3 million. And so you're going to have all the money that you need to pay the $3 million terminal tax obligations, so your estate's going to have to pay that. And so, again, if you understand all the attributes, contractually guaranteed daily accumulation of cash value, that's a tax free addition to your corporate surplus, and it cannot go backward. The dividends that the policy is paid each and every year that they're declared, which has been each and every year since Incep, since 1936, with the mutual carrier that we work with, those dividends do not trigger a taxable event because we coach you on what to do with those dividends so they don't trigger a taxable event. You've got an ever increasing supply of capital that's readily accessible on demand, on your terms.