Universal Life Insurance

Insurance that adapts to your specific needs
A flexible insurance protection plan that gives you the option to choose your payment schedule and investment.
Flexible
You can adjust the amount you wish to pay.
Power to select
You can decide where you wish to invest your money.
Grow your wealth
Grow your wealth and achieve your goals.

Get the best Insurance Quote from Canada Life

Call 1 844-542-4678 to speak to our advisors.

What is Universal Life Insurance?

A guaranteed, lifelong insurance policy that not only lets you invest but also builds your wealth. It is one of the most affordable and flexible insurance products that cover your life. There are two components to a Universal Life Insurance policy: investment and insurance. With the regulations and guidelines set by the government, you can choose your assets, and the wealth you amass is tax-free. Additionally, you can also withdraw or borrow from your insurance policy, with specific tax implications. You can also nominate which beneficiary you want to leave your money to.

Get the best Insurance Quote from Canada Life

Call 1 844-542-4678 to speak to our advisors.

How does the insurance plan work?

Access your cash when you need it

You have access to the money you’ve earned in your Universal Life Insurance policy. As long as there’s enough money remaining to cover your monthly insurance costs, including cancellation charges and market value adjustments.
Withdrawals
Policy loans
Policy cancellation

Get the best Insurance Quote from Canada Life

Call 1 844-542-4678 to speak to our advisors.

How much insurance coverage do you need?

Preferably, you want to ensure your debts are paid off, so you don’t leave any significant expenses for your dear ones to struggle to pay it off.
Below-mentioned is a few things to consider:
How much does it cost?
The price of the policy varies and is based on a few factors, including: