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?

Connect with us at [SafePacific.com/contact] to book a call with our team.

In this episode we talk to Gagan Sivia, a CFP, CGA, accounting teacher at BCIT and director of finance & analytics at Azure Properties Group. Join us as we sit down and discuss and Gagan shares her expert insights on setting students up for lifelong financial success, guiding you through the critical stages of property development. In this episode, we cover: **Stages of Property Development**: Learn the step-by-step process and timeline for developing a property. Development Costs Breakdown: Discover why over 30% of development costs go to fees and the reasons behind these charges. **Impact of Capital Gains Changes**: Understand how recent changes in capital gains are affecting property development and affordability. **CFP's Perspective on Capital Gains**: Hear from a Certified Financial Planner about the implications of these changes. **Financial Literacy**: Discuss the importance of teaching financial literacy and how it can transform communities. Rising Interest Rates: Analyze the effects of rising interest rates and explore potential solutions for lowering them. **Life Insurance and Capital Gains**: Learn why new capital gains changes might make life insurance a smart investment. **Investing with Azure Properties**: Get insights into how investing with Azure Properties works and meet the dedicated Azure Team. Don't miss this comprehensive discussion that blends expert advice, practical tips, and strategic insights to help you navigate the financial landscape and drive positive change in your community. Whether you're a seasoned investor or just starting, this episode is packed with valuable information you won't want to miss. Subscribe for more episodes that empower you with knowledge to grow financially and make a lasting impact. Leave a comment with your thoughts and questions!

In this episode we talk to Krista Simon, a 20 year lawyer and Partner at Hammer Co. Lawyers. She leads the team in Estate Litigation Division.

Join us as we sit down and discuss some of the mistakes people make when setting up their estate that can lead to disputes but also the fact that even with no mistakes there can still be disputes and we cover some really interesting cases that happened right here in Canada.