Industrial Alliance Universal Life Insurance

When you're looking for a flexible financial tool that provides your loved ones with complete financial protection while adapting to your family, personal and work situation, a Universal Life Insurance policy would be a clear solution.

Industrial Alliance Universal Life Insurance

When you're looking for a flexible financial tool that provides your loved ones with complete financial protection while adapting to your family, personal and work situation, a Universal Life Insurance policy would be a clear solution. With two essential components of financial planning, life insurance and tax-preferred savings, Universal Life Insurance can be your answer for your financial needs.

  • Adjustable: With a Universal Life Insurance policy comes the option of making flexible premium payments. You can choose to pay the excess premiums resulting in accumulated savings that you use for your financial goals.

  • Secure: In the unfortunate event if the policyholder passes away, the beneficiaries will immediately get the inheritance and the death benefits.

  • Diversified: You will be getting an extensive range of investment options that can help you diversify your tax-free savings portfolio.

Coverage for all your Financial Requirements:

Defining Genesis

Genesis is one of our widely popular insurance policies that can meet your permanent life insurance needs as well as your savings needs.

It's a customizable product that enables you to save and maximize your estate without any taxes. You will also benefit from insuring your mortgage, having easy access to your liquid assets that can be our retirement income, protecting the value of your business, and managing a new project.

How does Genesis Work?

A part of your donation will be used to pay for insurance and taxes. Your excess premium will be invested as part of your insurance policy's investment component.

The Coverage

Genesis ensures you for the rest of your life and allows you can choose the cost, death benefit, face amount, and premium. Overall, this is the most significant way to protect your family and business from any financial disaster that may occur as a result of your death.

An apt Savings Vehicle

The savings component of this policy is invested and generates income that would accumulate tax-free. The iA financial group offers a large pool of investment accounts that can meet your requirements. In addition, you will also get the benefits of an investment bonus of 0.75% starting the first year for all the index accounts.

Extra Information for your Knowledge

Criteria

Costs of insurance(guaranteed) Age at issue
YRT, level 0 to 85
Level with 10-year option 0 to 80
Level with 15-year option 0 to 70
Level with 20-year option 0 to 60

Death Benefits

With Genesis, you will get three options in Death benefits:

  • Face amount only

  • Face amount + Fund

  • Face amount + Fund with wealth maximizer option

Below is a Brief on each of the Benefits:

  • Face amount only: People who want to save money on their insurance policy should only choose the face amount. Because the savings portion is a part of the face amount, the face amount remains constant during the policy's term. It's worth remembering that this type of death benefit is only available for YRT insurance payments.

  • Face amount + Fund: Perfect for anyone who wants both the benefits of insurance coverage and a tax-free savings fund. The face amount increases over time and will accumulate in the policy's savings portion paid to your beneficiary. All Genesis cost of insurance choices includes this sort of payout.

  • The Face amount + fund with wealth maximizer option offers the same benefits as the face amount + fund option, but it is more suited to those who want to get the most out of their insurance coverage.The death benefit can take maximum advantage of the tax-free status of a Universal Life Insurance scheme while keeping the costs of the insurance policy at a lower side. (the option is available with YRT insurance costs only)

A Comprehensive Fange of Investment Options

The savings portion of your insurance policy, like any other financial investment, is carefully invested in accounts that match your investor profile:

The iA financial group offers several beneficial investment options, this includes

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Guaranteed Interest Accounts

  • Fixed-term accounts that can be for anywhere between 1-5 years and 10 years

  • 5-year average account

Index Accounts

Market Index Accounts

  • Bonds

  • Money market

  • Global equities

  • Canadian equities

  • US equities

  • European equities

  • International equities

  • US equities/ DAQ

  • Global Allocation Account

Diversified Strategy Accounts

  • Moderate account

  • Cautious account

  • Balanced account

  • Growth accounts

  • Aggressive account

  • Moderate account

Active Management Accounts

  • Diversified (iA)

  • Canadian Bonds (iA)

  • Global diversified (Loomis Sayles)

  • Strategic Equity Income (iA)

  • Dividend Growth (iA)

  • Canadian Equity (Fidelity)

  • Global Equity (iA)

  • Global Equity (QV)

  • Global Diversified Account (iA) (refer to the table below for allocation)

  • International Equity (iA)

  • European Equity (iA)

  • Global Health Care (Renaissance)

  • US Dividend Growth (iA)

  • Canadian Small Cap. Equity (Fidelity)

  • Global Dividend (Dynamic)

  • Targeted Canadian Equity (iA)

  • NorthStar TM (Fidelity)

  • Canadian Equity (iA)

Equibuild

In our growing portfolio of insurance products, Equibuild is another popular one that has been designed with you and your family's financial security in mind. It offersincreased coverage and a guarantee in the event of your (the policyholders) death. Also, Equibuild Bonus adds to your death benefits, and you will have the option to increase the face amount or your savings under the policy.

You also get the advantage of cash surrender values that start accumulating the first month and can be used towards a payments holiday, and the choice is yours. You'll be happy to learn that there are no policy fees or surrender costs when you pay your yearly premium.

The Comparison between our Universal Life Insurance products

Genesis EquiBuild
Level cost
Quick payment option 10, 15 or 20 payments 15 payments
Annual renewable term -
Paid-up insurance -
Various investment options
Bonus Investment Bonus EquiBuild Bonus
Guaranteed cash surrender value Quick payment option only
Type of death benefit Face amount only Face amount + fund Face amount + fund
Tax-free death benefit

Testimonials

Trusted by Clients

The Best Canadian Insurance Brokerage

Lalit Kumar

Mrs. Harpreet Puri is always friendly and professional and answers all of our questions with infinite patience. Helped us a lot in our health insurance. She is the best advisor.

Nippurn Kaushal

One of the best service provider in their field. I took a policy for my family and the plan I choose is the best and no other provider had that plan.Extremely satisfied by their services.

Baljeet Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.

Gurjinder Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.