Universal Life Insurance

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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.

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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).

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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.