Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Should a Corporate Policy Offset Your Personal Coverage? #shorts #insurancetips

16 Sept 2026 · 1 min

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0:45

Richard Canfield calculates a client's life insurance need at $2,913,000. He warns against automatically adding corporate coverage to personal policies, since corporate insurance often serves specific purposes like buy-sell agreements or lender collateral. The platform lets you toggle corporate policies on and off to test different scenarios.

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So let's go to see my results and see what we've got. Well, boom, here we go, right off the top. Richard, here's what you need. Your action and coverage you need today is $2,913,000. Now this says this is net basically any life insurance that's already in place. So this is what we, we, you would be requesting or wanting to apply for new coverage based on the variables that we put in. Now there's a corporate policy there, so I could add the corporate policy and offset this. It depends, what is the purpose of that corporate policy? Is it for a buy-sell arrangement? What was the scenario that it was in place for? Whether you would want to add that or not as part of your total coverage line. So you wouldn't just add it immediately because it may be earmarked for a lender loan or for some other reason. So there's an option to turn it on and off here.