Permanent Life Insurance - Universal Life

A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest.

Who Should Consider Universal Life Insurance?

Individuals or families seeking financial security and wishing to accumulate additional funds (to carry out retirement plans, for example)
Young dual-income professional couples that can pay the insurance premium more quickly
Persons with a higher-than-average income who are looking for a tax-sheltered savings vehicle other than a registered retirement savings plan (RRSP)
Business people, to finance a shareholders' agreement or insure a key employee

Features and Advantages

You obtain affordable permanent life-insurance protection combined with an attractive tax-sheltered savings account
You can choose and modify the amount of insurance, the cost options, the payment frequency, and the premium amount in accordance with your needs
You can diversify your savings through our range of investment options
You can enjoy an advantageous premium reduction on the basis of the general state of your health and your lifestyle
You have the opportunity to make partial withdrawals to carry out your favourite projects
You can obtain a premium holiday if you are temporarily unable to make your usual payments
You personalize your contract when it is issued and at any other time through a wide choice of riders and additional benefits
You enjoy guaranteed quick-payment options for periods of 10, 15 or 20 years, including guaranteed cash surrender values
You may insure up to nine persons under the same contract

Some Useful Resources:

Credit is an important word for all of us. We all want to increase our credit but not many of us able to make it good. So it is important for us to know all possible ways to improve credit. Visit Credit Magic Community to discuss all your queries relating to your financial queries.

Return to Permanent Insurance