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Universal Life Insurance

Universal life insurance combines the assurance of lifelong protection alongside a selection of investment accounts available for you to build your wealth and maximize your retirement income.

With a universal life policy, you may contribute excesses of premiums into your choice of guaranteed interest account or indexed accounts. Over time this may result in a larger cash value on your life policy, which may be used for whatever purpose you wish. For this reason, universal life insurance may be a useful way to set aside money for the future when your RRSP is maxed out.

Universal life insurance may be the right insurance solution for seniors whom:

  • Want the freedom to earn money from their life insurance policy.

  • Wish to secure the maximum amount of retirement income possible.

  • Are seeking to build an investment portfolio with relatively low risk.

  • Some universal life policies allow you to invest the money back into the policy, which can lower your premiums for a cheaper policy.

Specialty Life works with leading Canadian insurers in order to provide you with a wide array of affordable life insurance options. Whether you need coverage for long or short-term needs, we can help you find your ideal insurance plan at a price you are comfortable with. Apply for a quote now and discover your options.

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