Universal Life

Universal Life is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. With universal life insurance, you will be covered for life as well as you can grow your savings tax-free!

It is really a good choice for you if:
• You want to leave your loved ones an inheritance
• You’re in business and want to protect your company
Advantages and features
• It’s a flexible product that offers a two-for-one solution:
> The insurance component provides coverage adapted to meet your needs at any stage of life
> The investment component lets you build your savings tax-free
• You can bundle multiple coverages for multiple insureds under one policy
• Your policy can be adjusted to meet your changing needs
• You can choose to round out your insurance with add-ons like:
> A healthcare component (critical illness or other healthcare coverages)
> A disability benefit
> Accidental death and dismemberment coverage
> Accidental fracture
> Children’s insurance

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