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.
41 Dundas Street West, P.O. Box 280
Trenton, Ontario K8V 5R5
Mutual Funds and some Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc., sponsoring mutual fund dealer. All other products and services are offered through Whitley Financial Services.