CALU Practice Notes
CALU Practice Note: Leveraged Life Insurance and Banking Referrals
This Practice Note discusses, through a series of case studies, ...
CALU Practice Note – Best practices for professional networking arrangements
The CALU Market Practice Committee (MPC) recently considered a ...
CALU Practice Note – Term Riders and short-pay permanent policies
This Practice Note discusses potential concerns with using term ...
CALU Practice Note – Best practices for insured leveraging programs – Part II
This Practice Note (Parts I and II) is designed ...
CALU Practice Note – Best practices for insured leveraging programs – Part I (revised)
In November 2022, a Practice Note on insured leveraged ...
CALU Practice Note – Revisiting provincial rebating and inducement rules
This new Practice Note revisits one of the marketing practices discussed in the March 2019 Practice Note, and also reviews another marketing practice which may raise concerns with provincial regulators as being a form of policyholder rebate or inducement.
CALU Practice Note – Advisor/client consideration in purchasing foreign life insurance policies
Canadian individuals and private corporations often acquire life insurance policies to meet liquidity needs on death, as well as accumulate capital on a tax-advantaged basis during the lifetime of the insured
CALU Practice Note – Offshore Shared Ownership DI/CI Programs with ROP Benefits
This Practice Note will review the tax treatment of an offshore corporate individual DI/CI policy with an ROP rider owned by and with benefits payable to the shareholder and/or executive combined with a leveraging program; and the tax treatment of offshore corporate grouped DI/CI policies with ROP riders owned by and with benefits payable to executives and/or shareholders combined with a leveraging program.
CALU Practice Note – Domestic Shared Ownership CI Programs with ROP Benefits
This Practice Note will discuss the tax treatment of domestic shared ownership arrangements involving a corporate owned individual CI policy with a ROP rider owned by and with benefits payable to the employee/shareholder of the corporation (with or without leverage).
CALU Practice Note – Life Settlements: Update on the Canadian Market
In the mid-2000’s CALU published two CALU Reports which detailed the growth of the life settlements market in the United States, the regulatory environment in Canada which generaly prohibits this type of activity, and the tax and other regulatory rules that apply to life settlements in the United States and Canada...
CALU Practice Note – Policyholder Inducements including Premium Rebating
This Practice Note reviews provincial restrictions relating to policyholder inducements and considers how these rules may apply to three situations which involve an advisor...
CALU Practice Note – Leveraged Insured Annuities: Following Best Practices
This Practice Note provides background on various insured annuity arrangements, discusses the LIA policy rules introduced in 2013, and reviews newer arrangements that may be the subject of review by the Canada Revenue Agency or the Department of Finance. This Note also comments on best practices when putting in place investment loans which are collaterally secured by life insurance and/or annuity products.
