Universal Life Insurance
Universal Life Insurance refers to life insurance which combines a death benefit with an investment account.
This insurance is suitable
- Individuals/families looking for permanent insurance
- Individuals/families seeking financial security and willing to accumulate additional funds
- Young dual-income couples
- Individuals with a higher than average income looking for a tax-sheltered savings other than RRSP
- Business owners
Benefits of universal life insurance
- Affordable permanent life insurance protection combined with a tax-sheltered savings account.
- Choice to modify the amount of insurance, the cost options, payment frequency, and premium amount.
- Opportunity to make partial withdrawals.
- Ability to diversify your savings through a range of investment options.
- Option to obtain a premium holiday if you are temporarily unable to make usual payments.
- Personalize your contract when it is issued and any time throughout the term.
- Premium reduction based on the general state of your health and lifestyle.
