• BEFORE policy expiration, ERS Insurance novates the DRP policy to your private insurance company
  • Novated premium is calculated based on the overall performance of the policy; they are equal to the funds balance in the DRP trust
  • DRP Policy Profit (premiums less claims) is retained in the private insurance company
  • PIC ownership can be tied to estate planning objectives (Trust, FLP, etc.)
  • Minimizes taxable events