Universal Life provides the comfort of life insurance protection, together with the benefit of tax-deferred investing. Universal life policies are the most flexible life insurance policies, and can and should be designed and tailored to fit the needs of each individual.

In the first year each policyholder selects his or her premium, ranging from the minimum (the pure cost of the insurance) to the maximum, (Canada Revenue Agency calculated amount).

The investment selections within the policy are dependent on the insurance company. Most offer a full range of investment options, from fixed income all the way through to equity-based investments.