Universal life insurance
It is a permanent life insurance with a tax-free investment option.
Universal life insurance offers more options compared to other permanent life insurances
universal life insurance key points
tax-free investment option.
A portion of your premium is invested in a segregated fund of your choice. Returns are tax-free
cash value option.
Some universal life insurance policies also offer the cash value option. An amount calculated based on your life insurance premium and that grows over time.
Flexible life insurance
Life insurance offers more options and flexibility. Within a certain limit, premiums and payment terms may be adjusted. Loans or withdrawals can be made with conditions.
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