Ever wondered how the wealthy use life insurance as a tool for financial security, tax planning, and wealth transfer? In this episode of the Wealth Multiplier Podcast, we sit down with Vince Cardella, a financial industry legend with 35+ years of experience in high-level insurance and estate planning.

What You'll Learn in This Episode:

✅ The History of Insurance & Risk Management – From ancient Babylon to modern financial planning.

✅ How Business Owners & High-Net-Worth Individuals Use Life Insurance – Beyond just a death benefit.

✅ Estate Planning & Tax-Efficient Wealth Transfer – The power of life insurance in minimizing tax liabilities.

✅ Corporate-Owned Life Insurance & Capital Dividend Accounts – How businesses can leverage life insurance for tax-free distributions.

✅ Mistakes to Avoid When Structuring Life Insurance for Wealth Planning – What many advisors get wrong and how to do it right.

✅ Defensive vs. Offensive Insurance Strategies – How to use insurance not just for protection, but for growth.

✅ Using Insurance as a Wealth-Building Tool – Leveraging policy cash values for financing, retirement, and succession planning.

About Our Guest: Vince CardellaVince has had an illustrious career in the financial industry, helping shape Canada's insurance landscape. He was part of Standard Life’s original Universal Life product design team, served as an estate planning specialist at RBC Dominion Securities, and has advised some of the largest tax and wealth preservation strategies in Canada. Today, he works with accountants, lawyers, and family offices at Promerita Strategic Wealth, guiding business owners and high-net-worth clients through complex financial structures.

Key Takeaways:

The biggest financial risks business owners face & how to mitigate them.

How buy-sell agreements & business succession planning work with life insurance.

Why Canada has some of the best insurance structures in the world (and how to take advantage of them).

How to use permanent insurance strategically instead of just buying term policies.

The common financial planning mistakes even successful entrepreneurs make.

Want to take control of your wealth strategy?

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