Univesta has retained the services of SoumissionAssuranceVie.ca as their universal life insurance rate comparison.
As the number one life insurance broker in Quebec since 2001, SoumissionAssuranceVie.ca offers a free online quote service. Get a free quote. Quick and easy.
The Best of Both Worlds
Often considered an “Investment” product, Universal Life combines the advantages of life insurance protection with those of flexible investment options.
Investment income earned within the policy will grow in a tax-sheltered manner, to a maximum specified under the Income Tax Act. This maximizes the net worth of the capital you invest.
Policies may be protected from the claims of creditors provided a certain family relationship exists between you and your named beneficiary.
Probate bypass and tax free benefits
The proceeds from the policy can be paid directly to the named beneficiary tax-free, bypassing the estate and the delays and expenses surrounding probate.
Accessible cash values
You can withdraw a portion of the cash value built up within the policy.
This feature gives you the flexibility to fund insurance needs by:
Increasing or decreasing premiums
Paying at unscheduled dates
Stopping and restarting payments
Paying premiums with the accumulated tax-free fund value from your policy.
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