Universal life insurance
Universal life — permanent cover with flexibility
Permanent life insurance combined with a tax-advantaged savings component and flexible premiums.
Who it’s for
Is this right for you?
- Business owners and professionals
- High-income earners who have maximised RRSP and TFSA
- Estate planning clients
How it works
- Insurance + savingsPermanent cover with an investment account inside.
- Flexible depositsAdjust deposits within the policy limits.
- Tax-advantaged growthGrowth inside the policy is sheltered within legal limits.
Key features
What you get
- Permanent coverage
- Flexible premium payments within limits
- Investment account with tax-advantaged growth
- Popular with business owners and for estate planning
Get started
Talk to an advisor
Tell us a little about what you need. A licensed advisor will compare options from several insurers and call you back — there is no cost for advice.
- Free, no-obligation quote
- Options from several insurers
- Clear explanation of benefits and exclusions
Questions
Frequently asked questions
Is universal life risky?
The investment account can go up or down depending on the options you choose, and paying too little can affect the policy. We’ll review illustrations with you carefully.