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 Universal life insurance provides permanent life insurance protection with a tax-sheltered investment component. As cash values accumulate. Universal Life is the most complicated form of life insurance as there are many options to choose from in regard to all aspects of the contract (cost of insurance, premium amount, investment options, death benefit, etc). It is best to speak to an advisor to properly understand how UL policies work.

The benefits of Universal Life Insurance are most appropriate for:

People who have maximized their RRSP contributions
Parents and grandparents who want to maximize their estate for their children and grandchildren
Business owners looking for a tax-efficient way to protect the value of their business
Guaranteed Death Benefit