A Universal Life policy is a powerful financial tool that offers both life insurance protection and savings. You can:
- Customize the policy to suit your needs.
- Change your coverage and investment mix as your needs change.
- Accumulate tax deferred savings.
A Universal Life Insurance Plan can be used for:
- Protect your family with permanent life insurance.
- Pay final taxes on your estate at death.
- Provide added tax-deferred savings for those who have maximized their RRSP contributions.
- Enables a tax-effective way to unlock the value of your business at retirement.
- Provide added executive compensation.
- Provide tax-free funds for partner or shareholder buyouts.