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.
Although we do not offer universal life insurance at this time, Term 100 life insurance provides a great alternative for permanent protection at an affordable price.
3 Reasons to Choose LIFC:
Instant approval – Get covered fast, with decisions made on the spot.
No medical exams – Skip the needles, tests, and doctor visits entirely.
Flexible options – Choose from a variety of plans to match your needs and budget.
