Wealth Management Insurance Solutions in Canada

Mark Halpern

Certified Financial Planner

Trust & Estate Practitioner

Preserve Your Wealth

Don't give half your wealth to the tax department.
Let us show you how to keep it in your family.
Contact us for a
no-obligation consultation
We are not accountants. Most of our clients are referred to us by their accountants, lawyers and financial advisors

More than 25 years helping business owners, professionals
and high net worth families

Tax rules are changing.
Only a few days remain days remain to take advantage of a unique investment opportunity
using life insurance. LEARN MORE

What is WEALTHinsurance®

More than half of your income is consumed by taxes. Adding insult to injury, you pay tax again on the money you invest. Welcome to The Tax Grind. Let us show you how to save those taxes and preserve more wealth for your family.

Why People Work With Us

Often they are too busy looking after customers, suppliers, shareholders, partners, employees, bankers, family and others leaving no time to properly look after their personal planning. They have excellent professional advisors who are experts at solving problems but no one is looking at their estate and risk planning from a 30,000 foot perspective using a comprehensive, holistic approach.

Insurance Solutions for your Wealth
AND your Health

Life Insurance

  • Term Insurance
  • Permanent Insurance (Universal, Whole Life)
  • Mortgage Insurance
  • Partnership Buy/Sell Funding
  • Key Person

Living Benefits

  • Long Term Disability Insurance
  • Critical Illness Insurance
  • Long Term Care Insurance
  • Best Doctors®
  • Health Spending Accounts (HSAs)
  • Executive Compensation

Estate Planning

  • Permanent Insurance as an Investment
  • Tax Minimization / Elimination
  • Succession Planning
  • Individual Pension Plans (IPPs)
  • Charitable Planned Giving

About Mark Halpern CFP, TEP

Mark Halpern

Mark Halpern is a Certified Financial Planner (CFP), Trust and Estate Practitioner (TEP) and widely recognized as one of Canada's top life insurance advisors.

As CEO of WEALTHinsurance.com® and illnessPROTECTION.com® Mark leads a team that provides special expertise and insurance strategies for business owners, entrepreneurs, professionals and high net worth families.

Mark works closely with lawyers, accountants, bankers and financial advisors to provide their clients with unique insurance products and comprehensive estate planning solutions.

Case Studies: How We Helped Clients Save Millions In Taxes

45 year old owns a profitable trucking company worth $5 million

THE CASE

J is self-made, married, with 2 young children and no life insurance. He was recently diagnosed as pre-diabetic and anxious to protect his family. All of his corporate assets are used to secure the bank loans used to finance company growth.

WITHOUT WEALTHinsurance®

His family was at financial risk if something happened to him. His growing estate would have a large tax liability upon his death.

OUR OUTCOME

We reduced J's tax liabilities by $2 million by arranging a personalized life insurance plan. This provided his family with much needed security. By structuring an Immediate Financing Agreement (IFA), we enabled him to continue investing in his business, not insurance premiums.

Retired couple, 72 and 68, own a holding company worth $20 million

THE CASE

Mr. and Mrs. M, aged 72 and 68, both retired, are the custodians of a Holding company with real estate, equities and fixed income investments totaling $20 million. The entire portfolio is "never spend money" as they plan to pass it along to their children and grandchildren. They pay income tax every year at over 50% on the business investment income. They wanted to leave more for future generations and less to the tax department.

WITHOUT WEALTHinsurance®

The growth of the "never spend money" would continue to be impaired by high taxes each year and would be taxed again when withdrawn from the company for their heirs.

OUR OUTCOME

The couple no longer gives up half of the annual business investment income to the tax department, so the ‘never spend money’ now grows much faster, unimpaired by annual taxation.  We used a portion of it to purchase a tax-exempt, joint last-to-die life insurance policy, with premiums payable for only 10 years. The policy is fully guaranteed and now provides an equivalent return of 11.5% at death on the 'never spend money' with no market risk or interest rate risk. When the second of both spouses dies, their beneficiaries will receive the insurance proceeds tax-free and the company will distribute the insurance to them without taxation.

55 year old partners own automobile dealerships worth $9 million

THE CASE

R & H own and operate a growing chain of automobile dealerships. The business is very profitable and now has 70 employees. No Buy/Sell Agreement is in place and no insurance was arranged to properly fund a buy-out. Both partners are underinsured and paying tax at the highest rates.

WITHOUT WEALTHinsurance®

The family of each partner was at financial risk if something happened to either of them. Surviving spouses would require continuous income and the company would need to fill the void of the former business partner while finding a suitable replacement. The added burden of paying off a surviving spouse through earnings could cause the business to collapse financially. Estate would be left with a large tax liability upon death. Personal holding companies would continue paying tax at more than 50% on investment income.

OUR OUTCOME

We eliminated a $4 million tax liability which would have been owed by the families using a comprehensive estate plan developed for both partners. Life insurance and critical illness insurance coverage was arranged to fund their Buy/Sell Agreement in the event of a partner's death or disability. Premiums are paid by the company tax-efficiently. The partners and their employees are now protected by the customized benefit plan we implemented.

Husband and wife, 70 and 69, own rental properties worth $150 million

THE CASE

We were contacted in 2005 for information about Critical Illness Insurance. The first meeting uncovered an urgent need for comprehensive tax planning and estate planning. The husband owned a few life insurance policies purchased many years before, but no one had ever looked at the big picture, complicated by the tax implications for his wife, a U.S. citizen and permanent resident of Canada.

WITHOUT WEALTHinsurance®

His family would have been forced to liquidate a large chunk of the real estate portfolio to pay the taxes.

OUR OUTCOME

We structured a solution that included life insurance, wills, powers of attorney, family trusts and tax planning for each of his children. This complex case was examined in detail for an article published at Canada's website for Financial Professionals. Read it HERE

47 year old owner of a plumbing company worth $4 million

THE CASE

A one-man plumbing operation grew into a profitable enterprise worth $4 million . The company is debt-free, with 10 employees, a small piece of commercial real estate and fleet of 6 trucks. W has always re-invested the earnings back into his business, has very little savings, no life insurance and pays income tax at the highest marginal rates.

WITHOUT WEALTHinsurance®

His young family was at financial risk if he became sick, disabled, or died prematurely. He had no will or powers of attorney and his wife wouldn't know where to locate all of his important documents, bank accounts, or digital passwords.

OUR OUTCOME

His ultimate tax liabilities immediately reduced by more than $1.5 million with comprehensive tax and estate planning and placement of appropriate Life Insurance. Premiums are paid by the company tax-efficiently. We protected his income with Disability Insurance that will provide him with $15,000 per month, tax-free, and Critical Illness Insurance that will pay a tax-free lump sum of $1 million if he gets diagnosed with cancer, stroke or a heart attack - and return all the premiums if he stays healthy. His new Personal Health Spending Account allows him to deduct all family medical expenses, including orthodontics for his children. The Estate Directory available free at this website protects his family from unnecessary professional fees.

55 year old real estate developer with a net worth of $50M hates life insurance

THE CASE

A married, 55 year old real estate developer with a net worth of $50M hates life insurance. He will have estate taxes due on the second to die of him and his spouse but has never purchased insurance because the premiums are too expensive and he can do much better investing his own money in real estate

WITHOUT WEALTHinsurance®

His estate would have been liable for more than $15 million of income taxes. His family would have been forced to sell assets under pressure to pay the tax bill.

OUR OUTCOME

His final estate tax liability of more than $15 million was eliminated by the placement of his new Life Insurance policy. We structured an Immediate Financing Arrangement with a leading financial institution to preserve his cash for his business activities and reduce the effective cost of his life insurance to 5% of the total premiums.

A 70 year old widow with a $20 Million estate

THE CASE

Mrs. B, is a 70 year old widow with 2 adult children. Her $20 Million estate is comprised of real estate and other fixed income investments. She wanted to eliminate estate taxes and leave a charitable legacy.

WITHOUT WEALTHinsurance®

Mrs. B's family would have liquidated most of her investment portfolio and some of the properties to pay $5 million in taxes.

OUR OUTCOME

We helped her create a $10 million gift to a private foundation through insurance, so her family will no longer be required to pay a $5 million tax bill when she dies. She will be remembered for leaving a $10 million gift to charity instead of a $5 million payment to Canada Revenue Agency.

A 65 year old business owner sold his company for $40 million

THE CASE

Mr. G, a 65 year old business owner, sold his company for $40 million. He wanted to eliminate estate taxes and get guaranteed retirement income.

WITHOUT WEALTHinsurance®

Mr. G's retirement income would be cut in half, and his estate would have owed the government $18 million of taxes. His family would ultimately be left with a much smaller estate after paying the tax bill.

OUR OUTCOME

His family will be left with an additional $18 million because the estate tax liability was eliminated using a life insurance policy and his retirement income increased by 50% on a guaranteed basis, with no market or interest rate risk.

Contact Us

Please call us or use this form to arrange a confidential no-obligation consultation or to discuss any matter of interest.
Local 416.364.2929
Toll Free 866.566.2001