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.
- 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