Together we will cultivativate genertional wealth
Creating Generational Wealth with The Schwartz Group
For new business owners, success isn’t just about today — it’s about building a legacy. Whole life insurance does more than protect; it creates a lasting financial foundation. As your business grows, the policy quietly builds guaranteed cash value and potential dividends, forming a pool of stable, tax-advantaged assets you can access to expand, invest, or weather tough seasons.
When it’s time to pass the torch, the death benefit flows tax-free, often through the Capital Dividend Account, giving heirs the resources to continue the business without heavy taxes or forced sales. With whole life, the company you start today becomes a legacy of growth, stability, and opportunity for generations to come.
Protecting & Building Generational Wealth
For Ontario companies with strong revenues, protecting success is as important as creating it. Whole life insurance offers a way to stabilize wealth beyond the market cycle, providing guaranteed growth and tax-advantaged value within the corporation. Over time, the policy becomes a dependable asset that can be accessed for expansion, reinvestment, or strategic opportunities — without putting core business capital at risk. At succession, the tax-free benefit flows through the Capital Dividend Account, giving the next generation or shareholders resources to continue the business without the burden of estate taxes or forced sales. More than protection, whole life insurance is a cornerstone of continuity, helping established companies turn today’s profits into tomorrow’s enduring legacy.
“Whether you’re growing a business, raising a family, or preserving a legacy, The Schwartz Group stands with you.”
True wealth is not only measured by what is built, but by what is preserved. Term life insurance provides families and business owners with essential protection, ensuring loved ones or enterprises are cared for should the unexpected occur. Critical illness coverage brings peace of mind by safeguarding health and lifestyle during life’s most challenging moments, while group benefits extend that same care to employees, reflecting a legacy of responsibility and stewardship. Together, these protections form a quiet but powerful foundation — preserving stability, dignity, and continuity for both family and enterprise..
“At The Schwartz Group, we believe farmers are the backbone of Canada, and we’re committed to protecting their legacy.”
Build Wealth During Their Lifetime
A participating whole life policy (like those from Wawanesa Life) accumulates guaranteed cash value plus potential dividends.
That cash value grows tax-deferred inside the policy (CRA rules for “exempt” life insurance).
The farmer can access this money through policy loans or collateral loans to fund farm expansion, buy new equipment, or provide working capital — without having to sell land or livestock.
Fund Retirement or Business Needs …
Later in life, the policy can supplement retirement income: farmers can borrow against the cash value, often on favorable terms, while keeping the farm intact.
Because cash values don’t fluctuate like market investments, whole life provides stability even when commodity or land markets are volatile.
Pass On the Farm Tax-Efficiently
When “you” the farmer passes away, the death benefit is paid tax-free to the corporation (if the policy is corporately owned) or to heirs directly (if personally owned).
In a corporate structure, the amount above the policy’s adjusted cost base is credited to the Capital Dividend Account (CDA), allowing it to be distributed to heirs tax-free.
This creates immediate liquidity to pay estate taxes triggered on the deemed disposition of farm property, meaning the next generation doesn’t have to sell acres or equipment just to cover the tax bill.
Keep the Farm in the Family
By using life insurance to provide cash for taxes and equalize inheritance, the farmer ensures the farm passes to children who want to continue farming, while providing fair value to non-farming heirs.
This avoids forced sales and keeps family land within the next generation.
Example: An Ontario farm corporation purchases a $2,000,000 Wawanesa participating whole life policy on the farm owner. Over time, the policy builds over $500,000 in cash value that can be accessed for equipment purchases. When the owner dies, the full $2,000,000 death benefit flows tax-free into the corporation; the excess above cost base is credited to the CDA, allowing heirs to receive millions personally, tax-free. The estate has liquidity to pay taxes, and the farm continues seamlessly to the next generation.
living benefit protection for women
Women carry so much — for their families, their work, and their communities. When illness appears, the last thing anyone should worry about is money. Critical Illness coverage offers a tax-free payment during life’s hardest moments, giving women the space to focus on healing, rest, and recovery. It can help with treatments, time away from work, or simply creating comfort at home. More than financial support, it’s a promise of care and dignity, allowing women to heal on their own terms and continue nurturing the lives they’ve built. If you stay healthy and never need to make a claim, all your premiums are returned to you when the policy ends. It’s protection with purpose — offering security when life is uncertain, and a guaranteed return if it’s not needed. Either way, it’s a thoughtful way to care for yourself and your future.
Ontario Mortgage insurance
As lending rules tighten and mortgage approvals become harder to secure, many Canadians — even successful business owners — may find it more difficult to access the credit they once could. A whole life insurance policy with a dividend account offers stability in uncertain times. It quietly builds guaranteed cash value and may earn dividends, creating a private reserve of funds that can be used for business, real estate, or personal needs without relying on traditional lenders.
For the wealthy, it’s also a powerful estate and tax tool — providing liquidity to pay taxes or transfer assets smoothly to the next generation. In a world of rising rates and financial pressure, whole life insurance becomes more than protection; it’s a foundation of control, flexibility, and generational security.
Lay the foundation for lifelong prosperity
🌿 The Schwartz Group
Whole Life Living Benefit Estimator
Estimate the potential living cash value of a child’s Wawanesa Whole Life Policy by age 40.
*Estimates assume 6% annual growth and 20 years of premium payments. Results are for illustration only and may not reflect actual Wawanesa performance.
