Universal Life Insurance

Universal Life Insurance

The perks of permanent life insurance combined with tax-sheltered investing. Universal life insurance is an all-inclusive solution to protect you, your family and your  financial future. This insurance covers both your insurance and investment bases. If you’re  looking for a tax-sheltered savings option to supplement your RRSPs and TFSAs, and also  want permanent life insurance, this product is right up your alley. 

Real-Life Examples

Amine, young professional a 30-year-old from Ontario, started his company a few years  ago. He is looking for permanent life insurance to protect his business should he pass  away. In addition to this coverage, universal life insurance allows him to save more  money on a tax-sheltered basis so he can enjoy his dream retirement. 

1. 1. Emily, newly retired, and her husband Andrew, who recently sold his business, have  purchased universal life insurance. In their sixties, the couple wants to maximize their  tax-sheltered investments and ensure their blended family estate planning will be  seamless for their children and grandchildren. 
   2. Caroline and James have purchased universal life insurance for their young son Nathan.  They wish to stay together as a family and have a financial cushion should he fall ill. The  coverage included in universal life insurance for children allows them to ensure Nathan  will be protected if needed, while benefiting from tax-sheltered investments.