How to Use Insurance to Save Taxes and Money | Episode 47

David and David welcome special guest Sean Hurley- insurance professional to the podcast! Get ready to learn the ins and outs of insurance- including types of insurance and how they are utilized to save you taxes and money! Agenda: Background and Family history Types of life insurance Term, Permanent, Whole Life, Universal, Term to 100, Annuities Differences in cost and benefits Rental v Ownership Mortgage Insurance pros and cons Process of applying for insurance coverage – questionnaires and medicals Disclosure of all relevant facts and transparency Critical illness insurance v. disability Insurance Using insurance to save taxes and for estate planning Estate equalization using life insurance Strategies for generational businesses and cottage properties Benefits of Key Man Insurance Who should purchase the insurance - personal v. professional corporation v. holding corporation ____________________________________________________________  Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions  STAY CONNECTED:  🔗 Get a free consultation: https://linktr.ee/KormansLLP ✔ INSTAGRAM: https://www.instagram.com/kormansllp/ ✔ TIKTOK: https://www.tiktok.com/@kormansllp ✔ TWITTER: https://twitter.com/kormansllp ✔ FACEBOOK: https://www.facebook.com/kormansLLP ✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp