Universal Life Insurance

Universal Life Insurance


Unlike term life insurance, universal life insurance is a form of permanent life insurance that offers some flexibility in its policy. This kind of insurance gives you flexible options in terms of amounts of coverage, coverage period and even the premiums you pay every month.


If your life changes, as lives often do, that’s ok. With universal life insurance you can change the benefit the policy pays out, to a certain percentage of the original policy. This percentage amount will be selected by you when you set up the policy with your insurance broker, so you can ask any questions about the increase you may have.

Want some investment flexibility?

With universal life insurance you do have some flexibility. This insurance allows for the premium contributions to be invested how the policy owner sees fit, up to a certain amount. The contract for your policy will outline your options, but most contracts allow for the policy holder to determine how the cash value component of the policy will be invested. Some of the choices available to the holder are GICs, money market accounts, index fund investments or even segregated fund investments. If this is a kind of policy you’re interested in, contact us to set up an appointment so that we can make sure your current and future needs are being met.

Universal Life Insurance Options

As a holder of a universal life insurance policy you have options on the terms of the contract you sign. You can select a policy that allows you to take a loan against the cash value the policy has accumulated. You can also, potentially, withdraw some or all of the cash value of the policy. With the cash, you can use it as leverage for other kinds of investments that provide a higher rate of return than the universal insurance policy, or you can simply choose to keep the cash – the choice is yours!

Still have questions? No problem – call us for an appointment and we’ll be happy to sit down with you and go over all the insurance options you have to make sure you’re covered.

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    • Winnipeg

      330 St. Mary Avenue, Suite 300, Winnipeg, MB R3C 3Z5

    • Calgary

      1925- 18th Ave NE, Unit #115, Calgary, AB T2E 7T8

    • Surrey

      2010 - 11th Avenue, 7th Floor, Regina, SK S4P 0J3

    • Brampton

      2969 Bovaird Drive East, Unit 2, Brampton, ON L6S 0C6

    Contact Detail

    HARPREET PURI, 416 543 9000 ,2969 BOVAIRD DR E,

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