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Universal life insurance

Lifelong insurance protection with investment options.

Call us to find the best coverage for you.

You can also schedule a call.

Already have universal life insurance?

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 1 .

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, 2  and your loved ones receive a tax-free payment after your death.

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.


Accumulation fund

Use the fund to pay your premiums or increase your insurance amount.

Flexible payments

Change the amount of your premiums and how often you pay them.

Investment options

Choose from over 30 options and benefit from competitive investment fees.

Advantages of universal life insurance

Savings growth

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 3
  • Cover costs in the event of critical illness or disability
  • Supplement your retirement income 1

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. 4

Additional coverages

Boost your protection with our add-ons.

  • Accident
  • 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

Assistance services

If you have health-related questions or are looking for support, we're here for you.

Phone assistance

Call anytime for advice from a nurse on nutrition, vaccinations, the use of prescriptions drugs and other health matters.


What's the difference between the premium and the cost of insurance?

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.

Can the cost of universal life insurance increase?

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

Get a life insurance quote

By phone

We can also call you when it's convenient.

Explore our other insurance options

Permanent life insurance

Insurance that lasts a lifetime, no matter your age or how your health changes.
Learn more about Permanent life insurance

Participating life insurance

Insurance that covers you for life and builds cash value.
Learn more about Participating life insurance
Life insurance and living benefits products are manufactured by Desjardins Financial Security Life Assurance Company.
You may be taxed on withdrawals. Amounts invested are not taxable as long as they remain in your accumulation fund. Universal life insurance coverage ends when there is not enough money in the fund to cover the cost of your insurance. Certain conditions apply to withdrawals in the event of critical illness, disability or loss of autonomy.