Universal Life Generations Wealth Transfer

Is This Policy Right For Your Family?

Universal life coverage can provide permanent life insurance protection with a tax-advantaged investment component. As cash values accumulate, they can be used to pay part or all of the cost of your insurance.

In addition to providing security and protection through its insurance component, universal policies can provide an additional source of income for emergencies, retirement or for estate planning needs.

We will help you select an investment mix that is best for you taking into account the amount of risk you are comfortable with, your financial goals and time horizon.

Planning considerations such as family trusts, holding companies and professional corporations may need to be addressed to maximize the benefit of your universal life policy.

The total account value in your policy can grow on a tax-advantaged basis within limits set by Revenue Canada. The insurance proceeds paid to your beneficiary upon your death are tax-free and may include the total account value you have accumulated over the years.

We will take the time to understand your position and help fit all the pieces together, including working with your lawyer and accountant.

Ready to speak with an adviser, get a quote or simply need someone to answer a question?

Contact Us and a licensed life agent serving Barrie will take time to ensure you clearly understand all your options.

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We are here to help, even if it is as simple as finding the right phone number for that policy you bought when you got married.

Insurance Glossary

Defined Benefit Pension Plan: A plan where benefits are predetermined by a formula and employer contributions depend on the cost of the benefit minus the employee's contributions, if any.



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