Protect your business and your family with life insurance designed for Canadian entrepreneurs and corporate owners.
As a business owner, you work hard to build something meaningful. But what happens if you’re no longer there to run it?
At Citadel Financial Wealth Group (CFWG), we help Canadian entrepreneurs protect their companies, families, and futures with smart life insurance solutions designed for business owners. Whether you’re a solopreneur, a partner, or the head of a growing team, life insurance can be the difference between a thriving legacy — or a financial burden left behind.
Life insurance isn’t just about protecting your loved ones — it’s also a strategic financial tool for your company.
Here’s what it can help with:
✅ Protect your business from sudden disruption if a key person or co-owner passes away
✅ Fund buy-sell agreements so remaining partners can purchase shares smoothly
✅ Secure your company’s debts and obligations without draining personal assets
✅ Leave a tax-efficient legacy for your family or next-generation owner
✅ Access corporate-owned insurance benefits and use your policy as a financial asset
The right policy doesn’t just protect your business — it helps it grow.
Corporate-Owned Life Insurance (COLI) is a powerful solution that allows your business to be both the owner and beneficiary of your life insurance policy.
Why consider it?
✅ Tax-advantaged capital payout via your company’s Capital Dividend Account (CDA)
✅ Premiums paid with corporate dollars, saving you vs. personal policies
✅ Policy cash value can be used as a collateral asset for financing
✅ Keeps your business liquid and running even during difficult transitions
Talk to us about how COLI works under CRA rules — we’ll help structure it for maximum tax efficiency.
At Citadel Financial Wealth Group, we’re here to help you make smart, lasting choices about your family’s financial future.
✔️ Personalized Planning – We don’t believe in one-size-fits-all. Every client gets a plan tailored to their unique needs, family structure, and goals.
✔️ Licensed Experts – Our team is made up of experienced, certified Canadian insurance advisors.
✔️ Nationwide Support – Whether you’re in Toronto, Vancouver, Halifax, or anywhere in between, we’ve got you covered.
✔️ Transparent Process – No pressure. No jargon. Just clear, honest advice.
✔️ Access to the Best – We work with Canada’s most trusted insurance providers, so you always get competitive rates and top-tier products.
Call us from 9AM-9PM EST Monday to Friday or email us. Our Canadian-based team is happy to help!
Here’s a breakdown of the most effective types of life insurance for Canadian entrepreneurs:
Best for: Loan protection, temporary buy-sell funding, or short-term succession needs
Benefits: Low premiums, simple setup, convertible to permanent if needed
Best for: Long-term estate planning, wealth transfer, and permanent business protection
Benefits: Fixed premiums, guaranteed death benefit, growing cash value, potential dividends
Best for: High-income earners and business owners who want permanent coverage with flexible investment options
Benefits: Adjustable premiums, tax-deferred growth, accessible cash value
Without a plan, the loss of a key shareholder or founder can financially paralyze a company. Life insurance allows you to:
✔️ Fund a Buy-Sell Agreement so surviving owners can buy out shares
✔️ Provide Key Person Coverage to replace income or recruitment costs
✔️ Offer Executive Life Insurance as part of a retention package
✔️ Balance your estate between business and non-business heirs
✔️ Secure creditor protection in some cases with proper planning
Now is the best time — especially if you:
Own a business with partners or shareholders
Have business loans or personal guarantees
Want to protect your family from business liabilities
Plan to pass the business to your children or sell one day
Want to use your business to pay for the policy tax-efficiently
❌ Premiums are not usually tax-deductible, unless used for loan collateral
✅ Death benefit is tax-free and can flow through the Capital Dividend Account (CDA)
✅ Cash values in permanent policies grow tax-deferred inside the policy
✅ Collateral loan strategy allows access to tax-efficient capital via lending
Yes — if structured correctly, your business can own and pay for the policy, especially in corporate-owned life insurance (COLI).
You can transfer ownership to yourself or negotiate it as part of your succession or exit plan. Our team can walk you through how.
Absolutely. A funded buy-sell agreement backed by life insurance ensures a smooth ownership transition and financial security for everyone involved.
Yes — Key Person Insurance is a smart way to protect against the loss of top talent or essential leadership.
Match it to your major financial commitments:
10 years: short-term needs
20 years: children/dependents
30 years: mortgage protection or income replacement
Check your price: no commitment, just quotes!
Apply online when you’re ready.
Licensed Canadian advisors are available by phone Monday to Sunday.
Give us a call at: +1 (877) 273-5614
Our advisors care, so there’s no pressure or upselling.
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© 2025, Citadel Financial Wealth Group (CFWG). All rights reserved. Citadel Financial Wealth Group is a licensed insurance brokerage in Canada, proudly serving individuals, families, and businesses across the country.
CFWG offers life, health, and group insurance products through partnerships with many of Canada’s leading insurers. Insurance policies are subject to underwriting approval and may include limitations, exclusions, or waiting periods. Always refer to your official policy documents for complete terms and coverage details. In the event of any conflict, your policy contract will take precedence over information presented on this website or in any CFWG print or digital content.
CFWG is licensed and operates in the following provinces and territories:
Ontario (FSRA #36494M)
Alberta (License #5-11164367-2020 & 6-11164367-2020)
British Columbia (License #2022-0036740-R01)
Saskatchewan (License #09178)
Newfoundland and Labrador (License #23-78-CI090-1)
New Brunswick (License #210031147)
Nova Scotia,(License #2333071070000)
All pricing comparisons displayed on this website are based on current publicly available rates and may vary based on your health, age, coverage amount, and insurer. Timeframes for approval and policy issuance may vary depending on your application and underwriting requirements. In some cases, additional documents or medical examinations may be necessary.
Head Office:
150 King Street West, 2nd Floor, Suite 335
Toronto, Ontario M5H 1J9, Canada
