Mondelis Actuarial offers services that can help you take advantage of fair market valuation! In Canada, the Fair Market Value (FMV) of a life insurance policy can often exceed its cash surrender value, due to: 

  • A decline in the insured’s health. The fair market value of the policy approaches the insured amount
  • The original policy not being set up with a cash surrender value

Many professionals who already have personal life insurance policies are wondering if and how they can move those policies and have their corporations pay for them.

The short answer is yes. It must however, be done properly.Fair Market Valuations

A Fair Market Valuation of the existing policy must be done by a certified actuary. Mondelis is happy to provide the advantage of understanding fair market valuation services for professionals. The FMV, once established, is the price at which the policy is sold and transferred to the corporation.

It may be hard to believe, but even a term policy that has no cash value, often times does have a Fair Market Value. Whole life and Universal Life plans will often have a substantial FMV that exceeds the current cash values and reserves.

Whether you are looking for a new life insurance policy, increasing coverage you currently have, or are happy with your current coverage, make sure you are aware of the advantages of the policy ownership being in your corporation.

If you are one of those professionals, or know one of those professionals, contact the skilled actuaries at Mondelis to get the latest facts.

Individuals, corporations, investment advisors and benefits consultants can all profit for our Fair Market Value reports. Save some money! Don’t miss out on this easy way to maximize your cash flow.

Don’t put it off any longer.