Universal life insurance

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What is universal life insurance?

Universal life insurance is an all-in-one way to get the protection you need and build your savings. The policy combines permanent life insurance protection for lifelong peace of mind with a broad range of investment account options for tax-preferred savings growth. You choose a guaranteed death benefit for your beneficiaries and the payments you make above the cost of insurance can grow in a tax-preferred savings account. Or you can use them to increase the amount of your death benefit.

 

Get life insurance

Life insurance can be a key part of your financial plan. Speak with an advisor to determine the right life insurance for your needs or get a quote online.labore

Is universal life insurance right for you?

You may be interested in universal life insurance if you are:

  • Looking for ways to build your savings alongside your RRSPs and TFSA
  • Looking for a way to leave more money for your children and grandchildren
  • A business owner looking for a tax-efficient way to protect the value of your business

Types of universal life insurance:

* CJ Financial Solution Spectrum Universal Life II provides straightforward and flexible permanent life insurance protection to help meet your long-term needs, plus the opportunity for tax-preferred growth in savings.
* A reduced paid-up feature allows you to stop making payments any time after age 70.
* A guaranteed investment bonus rewards you for maintaining and growing your policy's fund value.
* Single and joint policies are available.
* The policy fund offers a wide variety of diversified investment account options.

* CJ Financial Solution UniversalLife II provides our most extensive combination of insurance features and investment account options for maximum flexibility.
* You have a choice of five death-benefit options and six cost-of-insurance options to
* meet your current and future protection needs.
* Single and joint life policies are available.
* The policy fund offers a wide variety of diversified investment account options.