Universal Life Insurance is a protection plan that provides coverage for the entirety of your life, and italso includes a tax-deferred investment component. In addition to the coverage being for the rest of your life, it is also a savings fund that helps your money grow tax-free.Get a Universal Life Insurance policy today to increase the value of your estate.
A suitable option to:
Leave your beneficiaries with a significant tax-free inheritance
Invest tax-free money ifyou topped out your RRSP and TSFA contributions or if you are debt-free
Lessen the tax burden on your estate
How does this Insurance Policy Work?
This policy has two components:
A life insurance component:Provides lifetime protection
An investment component:Coverage includes a savings fund where you can grow your money tax-free.
The fund in your savings can be used to cover your premiums in future years or to increase your insurance amount.
What we offer
You can adjust your policy whenever your needs change, penalty-free after five years
You have the option of choosing from over 30 different investment alternatives.
A promise of insurability that allows you to enhance your insurance premium without having to prove your insurability.
If the policyholder or insured becomes disabled, a monthly payment is given to cover some or all of the insurance costs.
A benefit in the event of an accident resulting in dismemberment, loss of use, or accidental death.
|You want to...||Term life insurance||Permanent life insurance||Participating life insurance||Universal Life Insurance|
|get affordably priced coverage for a specific period||
10, 20 or 30 years
|Benefit from coverage that costs less over the long term||-||
Lifetime coverage with dividents
lifetime coverage with a savings component
|cover your final expenses (funeral costs, income taxes, etc.)|
|Pay off depts after your death gline of credeits, etc.)|
|Manitain your family`s lifestyle after your death|
|Leave something behind for your loved ones||-|
|Grow your savings tax-free and diversity your investments||-||-|
|Optimize the values of your life insurance policy||-||-|
|Prepare to transfer ownership of your business and ensure its sustainability after your death|