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Universal Life Insurance

A flexible form of permanent life insurance policy

Universal life insurance is a form of permanent life insurance. It provides death benefit as well as savings. Universal Life plans consist of a life insurance component and a tax-deferred investment savings account. Universal Life is the most flexible and therefore most confusing type of life insurance coverage.

The cost of your insurance can be level or increasing, additional premium payments can be made and can grow tax-deferred in the investment account. There are literally hundreds of investment funds to choose from. Even though universal life insurance could be ideal for everyone, these types of policies are popular for estate planning, charitable gifting and for affluent clients in need of additional tax shelters.


 Permanent coverage; it will last you a lifetime
 Flexibility: you can design it in a way the policy becomes fully paid for in 10, 15 or 20 years
•  Wide range of investment options to choose from
•  The ability and choice to invest in a tax-deferred account which the traditional permanent plan lacks


 Difficult to understand
 Many policies can lack guarantees
 Can be costly especially if you choose the limited pay plans

We understand that universal life could be challenging to grasp it. The good news is we are here to listen to your questions and your concerns. And we will do our best to help you understand and perhaps you would consider universal life insurance plan as a solution for your life insurance needs.

Please contact us via email, or call us. We are here for you.

Non-Med Canada
Tel: 416-546-1167 
Toll free: 1-800-656-1876



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