Universal Insurance
Universal insurance is a flexible permanent insurance and investment plan that combines life insurance protection and a tax-deferred investment vehicle. The “buy term and invest the rest strategy” is one of the best policy options available and highly recommended for those who believe in buying a term life policy and investing the difference.
Who Might Choose
Universal Life Insurance
- You are looking for coverage that lasts your entire life.
- You have long-term savings goals.
- You want premium contributions to be flexible.
Difference Between
Universal Life Insurance and Whole Life Insurance
Insurance Providers
Sun Life
Sun Life Financial Inc. is a Canadian financial services company and one of the largest life insurance companies in the world; it is also one of the oldest, with a history spanning back to 1865. Sun Life has a presence in investment management with over CAD$1 trillion in assets under management operating in a number of countries. And over $125 billion in (AUA) Assets Under Administration as of 2020. Sun Life ranks number 273 on the Forbes Global 2000 list for 2019.
Manulife
Manulife is a leading international financial services group that helps people make their decisions easier and lives better. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers.
Canada Life
Canada Life Assurance Company, the first life insurance company in Canada, established on 21 August 1847. Canada Life is the largest insurance company in Canada based on assets under management.
Equitable life
Equitable Life of Canada is one of Canada’s largest mutual life insurance companies founded in 1920 in Waterloo, Ontario. Equitable Life reported premiums and deposits of $1.7 billion in 2020, contributing to $6.0 billion of assets under administration.
IA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange, and it has more than 4 million clients with over $96 billion in Assets Under Administration (AUA) as of 2020.
