Universal Life Insurance

Universal Life Insurance is a type of permanent insurance with an investment component. Unlike Whole Life Insurance a Universal Life policy allows for control over your investment choices.

Making the best use of a Universal Life policy requires understanding your risk profile, as well as cost-changes in the insurance industry. A well planned Universal Life plan can result in a substantial return on your investment.

How much coverage can I get?

Typically Universal Life Insurance is offered from $25,000 to $10 million.

Who is eligible?

Citizenship status: A Canadian citizen or permanent resident as well as landed immigrant who has been in Canada for more than 1 year.

Age: 0-85

Key benefits

  • Lifetime protection with guaranteed tax-free death benefit.
  • Guaranteed premiums for the life of the policy unless you chose to change your coverage.
  • A comprehensive range of investment options to choose from.
  • The accumulated cash value can be used to pay for children’s education, cover the premiums of the policy or any other needs.

3 Reasons to Choose LIFC:


We work directly with leading Canadian insurance providers


We are able to find some of the most competitive rates on the market


We offer a complete range of plans to suit any need and budget

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