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Universal Life Insurance
What is Universal Life Insurance?
Universal life insurance is permanent life insurance that has an investment savings element and low premiums. Most universal life insurance policies contain a flexible premium option. A policyholder will pay taxes on any withdrawals they make from the excess cash value of the universal life insurance plan.
Term Life Insurance vs Whole Life Insurance
Term life insurance plans are much more affordable than whole life insurance. This is because of the term life policy has no cash value until you or your spouse passes away.
Maximize your tax-sheltered savings as a result of reaching the contribution limits of your RRSP, TFSA and RESP and have little or no debt
Ideal for you and your loved ones
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