| | Roy W. Craik, Founder & Managing Partner of ICF entered the life insurance business in 1966, leaving his position as Senior Trust Officer and Estate Planner with a major Canadian trust company. He quickly established himself as a leader in tax and estate planning, working with wealthy families and corporations. Roy’s contribution to the Canadian insurance industry has been a remarkable blend of innovation backed by a solid understanding of the Income Tax Act. For example, his analysis of the 1969 Benson White Paper on Tax Reform was syndicated by the Winnipeg Free Press and published across Canada. In response to the changing needs of his clients, he participated as a member of the team that designed Adjustable Single Premium Whole Life. Subsequently, he created Term to 100 and, later, the concept of the side fund. It was not long after the introduction of the Retirement Compensation Arrangement (RCA) legislation in 1986 that Roy launched Retirement Compensation Funding (RCF). A new company in name only, it already employed the expertise of individuals with many years experience with life insurance and trusts. Working closely with Canada Life, RCF developed the first pure RCA funding product available in Canada in the late 1980’s. In 2009, Roy launched a new sister company to RCF called ICF. ICF is an amalgamation of all Roy's previous insurance business including RCF Insurance Agencies Ltd, Brokers Insurance Ltd, Craik Insurance Agencies Ltd, and Craik High-Net Worth Ltd. The new ICF will continue to provide the same level and expertise as before, but now has additional back office to support existing and new clients. |  |
