Universal life insurance

An all-in-one way to protect and build your money

Universal Life insurance is one solution that combines 2 important aspects of financial planning:

  1. Permanent insurance protection for lifelong peace of mind, plus
  2. Investment account options that can grow your savings, tax-deferred

How does it work?

You choose a guaranteed death benefit amount that will be paid to your beneficiaries when you die.

Your payments are deposited to a “policy fund”

Any money you deposit over and above what is required for the cost of the insurance can either be:

placed into investment accounts to grow-deferred, or

used to increase the value of your death benefit

We find that universal life insurance is a popular choice for:

People who have maximized their RRSP contributions

Parents and grandparents who want to maximize their estate for their children and grandchildren

Business owners looking for a tax-efficient way to protect the value of their business