UNIVERSAL LIFE INSURANCE
Universal life insurance combines your needs in life insurance and savings, offering you the best of both worlds!
What is universal life insurance?
Universal life insurance is a very flexible financial tool that provides your loved ones with financial security adapted to your personal, family and work situation. This type of insurance combines under one contract two essential elements of sound financial planning: life insurance and tax-preferred savings.
Flexible
Flexible premium payment means you can choose to pay excess premiums to accumulate savings for all your projects and goals.
Secure
Guarantees an immediate inheritance and tax-free payment of the death benefit to your beneficiaries.
Diversified
Investment options from cautious to aggressive can meet the needs of any investor and help diversify your tax-sheltered savings portfolio.
Coverage adapted to your needs
Genesis
Genesis protects your family or business from financial repercussions in the event of an unexpected death. It’s also an effective and advantageous way to save for your general needs or your retirement.
This flexible insurance coverage can be adapted to your situation. It allows you to choose the coverage amount, payment frequency, payment amount and investment options best suited to your needs. You can also make extra payments deposited in your policy to increase your insurance amount and your savings.
EquiBuild
EquiBuild is designed to ensure your and your family’s financial security by offering growing coverage and a guarantee at death. With the EquiBuild Bonus, which adds to your death benefit, you have the option to increase your face amount or your savings under the policy.
You also benefit from cash surrender values that start accumulating the first month and can be used toward a payment holiday, if desired, among other things. In addition, no policy fees are charged in the payment of the annual premium and no surrender charges apply.
Compare our universal life insurance products
| Genesis | EquiBuild | |
|---|---|---|
| Level cost | ||
| Quick payment option | 10, 15 or 20 payments | 15 payments |
| Annual renewable term | - | |
| Paid-up insurance | - | |
| Various investment options | ||
| Bonus | Investment Bonus | EquiBuild Bonus |
| Guaranteed cash surrender value | Quick payment option only | |
| Type of death benefit | Face amount only Face amount + fund |
Face amount + fund |
| Tax-free death benefit |