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.
Office Closures Effective April 8, 2021
Whitley Insurance & Financial Services cares deeply about our staff, clients and community. Until further notice we are not seeing clients in person. We are available by phone and email. We ask that you not attend our offices in person and only by confirmed appointment if necessary.
Please contact our offices and we will direct your call accordingly:
Trenton (613) 392-1283
Belleville (613) 966-1711
Stirling (613) 395-5501
Deseronto (613) 396-2312
Payments may be made by Interac e-Transfer, Credit Card, or Online Banking.
We would like to thank you for your business. During these uncertain times, we’re working hard to continue to provide the same service standards you have come to expect from us.