Universal life insurance

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Universal life insurance provides flexible coverage and a savings fund to help you grow your money tax-free.

Ideal to

  • Leave behind a large, tax-free inheritance
  • Invest money tax-free, if you’re debt-free and have maxed out your RRSP and TFSA contribution room
  • Reduce the tax burden on your estate

How it works

A universal life insurance policy has 2 components:

  • A life insurance component: provides lifetime protection
  • An investment component: includes a savings fund where you can grow your money tax-free

You can use the savings fund to cover your premiums in future years or to increase your insurance amount.

What we offer

Maximize the value of your estate with a universal life insurance policy

Personalized coverage

  • Amend your policy whenever your needs change, penalty-free after 5 years
  • Choose from over 30 diversified investment options

Additional coverages

  • An insurability guarantee that lets you increase your insurance benefit without having to provide evidence of insurability.
  • A monthly benefit to cover some or all of the cost of insurance in the event that the policyholder or an insured person becomes disabled.
  • A benefit in the event of an accident resulting in dismemberment, loss of use, or accidental death.

How to buy this policy

Make an appointment with us today. We’ll assess your financial needs and recommend a solution best-suited to your priorities.

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