Universal Life Insurance
Universal life insurance provides the security of lifetime coverage with
the benefit of having a flexible investment portfolio. The investment
options are tailored to your financial needs and risk tolerance.
Some plans offer a limited pay option to pay off the policy in 10-15-20 years.
Universal Life Insurance is best suited for individuals who:
- Are looking for permanent life insurance.
- Have financial security and would like to grow their assets.
- Have maxed out their allowable RRSP and TFSA contribution.
- Are looking for tax-sheltered growth for non-registered assets.
- Are about to retire and want to preserve their estate.
- Can also use as Life Long Tax Free Income Plan. (Insured Retirement Plan)
