Tax Minefields - Actuarial Paths to Safety
Actuarial Consulting
Tax Minefields - Actuarial Paths to Safety
Actuarial Consulting
Fair Market Value
The efficiency of our process allows us to offer you a FREE estimate of the value of your policy. Other firms will charge several hundred dollars for the estimate alone, and additional fees for the full report.
We have valued over $1 billion dollars worth of life insurance policies.
Shared Ownership Critical Illness
Shared Ownership of Critical Illness policies is offered by most insurance companies. But is the premium split correct? Are you putting your clients at risk?
We will provide an actuarial determination of the correct split, ensuring no taxable benefit to the shareholder.
Split Dollar Life Insurance
There are numerous advantages to splitting the ownership of a policy between the insured and a corporation or charity. Using the appropriate split is paramount to ensuring that the strategy is successful.
Cross Border USA - 7702 and 7702A Test
For US policies, insurers are responsible for compliance with §7702. For Canadian and other foreign policies, compliance with §7702 rests with the policy owner.
Anyone subject to US taxation, due to citizenship or residency, who owns a non-US life insurance policy, is responsible for §7702 compliance.
Cross Border Canada - Exempt Test
For policies issued by non-Canadian companies, compliance with the exempt test rests with the policy owner. If the policy is found to be non-exempt, the policy is subject to taxation on investment gains. Anyone subject to Canadian taxation, who owns a non-Canadian life insurance policy, is responsible for exempt test compliance.
About Us
- Ryan Wall is the founder and President of Wall Actuaries, serving clients in Canada, the United States, the Caribbean, UK and Middle East, including the largest insurance broker in Canada. Ryan has expertise in insurance, investments, Individual Pension Plans, RCAs, and retirement planning. Ryan is an actuary and holds the designations of Fellow of the Society of Actuaries (FSA) Fellow of the Canadian Institute of Actuaries (FCIA) and Chartered Financial Analyst (CFA).