Universal life insurance
Lifelong insurance protection with investment options.
Call us to find the best coverage for you.
What is universal life insurance?
Universal life insurance has 2 components: lifetime insurance coverage and a savings fund (called an accumulation fund) where you can grow your money tax-free
Is universal life insurance worth it?
Universal life insurance can be a great choice if you have little or no debt and have maxed out your contributions to your RRSP (registered retirement savings plan), TFSA (tax-free savings account) and RESP (registered education savings plan).
You can access the savings in your fund during your lifetime,
Diversify your assets
And reduce the tax burden on your estate.
Leave an inheritance to your family
You can accumulate more than with our permanent life insurance.
Simplify the transfer of your business
And make it easier to divide up your estate.
Use the fund to pay your premiums or increase your insurance amount.
Change the amount of your premiums and how often you pay them.
Choose from over 30 options and benefit from competitive investment fees.
Advantages of universal life insurance
The accumulation fund is the savings component of your universal life insurance policy.
How does it work?
Part of your premium pays for your insurance. The rest goes to an investment option of your choice.
In the long-term, your accumulation fund can be used to:
- Pay the cost of your insurance
- Cover costs in the event of critical illness or disability
- Supplement your retirement income
Many investment options
Choose a strategy that fits your goals and investor profile. Then explore the investment options available. These include:
- Daily interest option
- Guaranteed interest option
- Index-linked option
Access to funds in case of disability
You can withdraw money from your fund without any tax consequences in the event of critical illness, disability or loss of autonomy.
Boost your protection with our add-ons.
- Accidental death, dismemberment or loss of use
- Accidental dismemberment or loss of use
- Accidental fracture
- Business insurability coverage
- Children's accidental fracture
- Children's life protection
- Guaranteed insurability benefit
- Waiver of premiums in case of disability
If you have health-related questions or are looking for support, we're here for you.
Call anytime for advice from a nurse on nutrition, vaccinations, the use of prescriptions drugs and other health matters.
The premium is the amount you pay your insurer. Part of it covers the cost of insurance. The rest is invested in your accumulation fund.
The cost of insurance is the amount you pay for your coverage. Fees and taxes may be added to this amount.
The cost of universal life insurance can increase depending on the option you choose. It can be:
- Fixed for 10 or 20 years and then increase each year
- Fixed for your entire life